New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    Under the revised framework for Commercial Papers (CPs),

    what is the requirement for settlement of primary issuance of CPs in terms of time?
    A T+1 working day Correct Answer Incorrect Answer
    B T+2 working days Correct Answer Incorrect Answer
    C T+3 working days Correct Answer Incorrect Answer
    D T+4 working days Correct Answer Incorrect Answer
    E T+5 working days Correct Answer Incorrect 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.

    Practice Next