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    Question

    In the IFSCA Circular on Sovereign Green Bonds (SGrBs)

    (September 2024), how must trades in the secondary market be settled?
    A Through the Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    B Using physical delivery of bonds Correct Answer Incorrect Answer
    C In INR on a Delivery versus Payment (DVP) model Correct Answer Incorrect Answer
    D In USD on a Delivery versus Payment (DVP) model Correct Answer Incorrect Answer
    E Using electronic settlement on IFSCA platforms Correct Answer Incorrect Answer

    Solution

    The circular specifies that trades in the secondary market for Sovereign Green Bonds (SGrBs) must be settled in USD based on the Delivery versus Payment (DVP) model.

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