Under the revised framework for Commercial Papers (CPs),
what is the requirement for settlement of primary issuance of CPs in terms of time?
AT+1 working dayCorrect AnswerIncorrect Answer
BT+2 working daysCorrect AnswerIncorrect Answer
CT+3 working daysCorrect AnswerIncorrect Answer
DT+4 working daysCorrect AnswerIncorrect Answer
ET+5 working daysCorrect AnswerIncorrect Answer
Solution
The "Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year)" specifies that CPs must be settled within T+4 working days.
