SEBI has mandated that NSDL and CDSL to jointly create and co-host centralised database for corporate bonds and debentures. It may be available as early as January 2014 and will be accessible to everyone without any fees. SEBI move aims to strengthen the debt market in the country

Moneylife Digital Team

The Securities and Exchange Board of India (SEBI) has issued a circular on "Centralised Database for Corporate Bonds/Debentures" on 22 October 2013 mandating both the depositories viz. National Securities Depository (NSDL) and Central Depository Services (CDSL) to jointly create, host, maintain and disseminate the centralized database of corporate bonds/debentures.  The depositories shall obtain the requisite information regarding the bonds/debentures from Issuers, Stock Exchanges, Credit Rating Agencies and Debenture Trustees. The Database can be accessed by the public or any other users without paying any kind fees or charges, which will help to strengthen the debt market in the country. Depositories and stock exchanges shall create awareness among issuers and investors regarding the centralized database.

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