Repo in Corporate Bonds: FIMMDA Reporting from Aug 2, 2010
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/117 · issued 16 Jul 2010 · ~1 min read
Quick answerFrom August 2, 2010, all repo trades in corporate bonds must be reported on the FIMMDA platform within 15 minutes. This replaces the earlier interim arrangement of reporting to exchange clearing corporations.
What changed
RBI had earlier allowed repo trades in corporate bonds to be reported to clearing corporations (NSCCL/ICCL) until the FIMMDA platform was ready. With FIMMDA now confirming readiness, all participants must shift reporting to the FIMMDA Corporate Bond Reporting Platform from August 2, 2010. The 15-minute reporting timeline remains unchanged.
What it means for you
Banks and market participants must ensure their systems and processes are aligned to report repo trades on the FIMMDA platform instead of exchange clearing houses. This centralizes reporting and likely improves transparency and data consistency. No other terms from the January 2010 circular are affected.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update internal systems to route repo trade reports to the FIMMDA Corporate Bond Reporting Platform from August 2, 2010.
Train trading and operations teams on the new reporting workflow and ensure compliance with the 15-minute reporting window.
Verify connectivity and access to the FIMMDA platform before the deadline to avoid reporting delays.
Review the January 2010 circular for unchanged terms and ensure all other conditions are still met.
Who it affects
All market participants dealing in repo trades of corporate debt securities, Banks and primary dealers, Clearing corporations (NSCCL and ICCL) – no longer the reporting destination
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 04:56 IST
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the deadline for reporting repo trades on the FIMMDA platform?
All repo trades in corporate bonds must be reported within 15 minutes of the trade on the FIMMDA platform, starting August 2, 2010.
Does this change affect any other terms of the January 2010 circular?
No. All other terms and conditions of the January 8, 2010 circular remain unchanged.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/117
IDMD.DOD. 18 /11.08.38/2010-11
July 16, 2010
To All Market Participants
Ready Forward Contracts in Corporate Debt Securities
A reference is invited to our circular IDMD.DOD.05/11.08.38/2009-10 dated January 08, 2010 enclosing the Repo in Corporate Debt Securities (Reserve Bank) Directions, 2010 wherein it was indicated that all repo trades in corporate bonds shall be reported within 15 minutes of the trade on the FIMMDA reporting platform and also to the clearing houses of the exchanges for clearing and settlement. However, on March 23, 2010 it was clarified by the Reserve Bank of India that the market participants shall report their repo trades in corporate bonds to the clearing corporations of the exchanges, i.e., NSCCL and ICCL for settlement until the launch of the FIMMDA Reporting Platform, which would be notified once the system is ready.
2. FIMMDA has since advised that the Corporate Bond Reporting Platform is ready to accept repo trades in corporate bonds. Accordingly, all participants shall report their repo trades in corporate bonds within 15 minutes of the trade on the FIMMDA platform beginning August 02, 2010.
3. All other terms and conditions of the circular IDMD.DOD.05/11.08.38/2009-10 dated January 08, 2010 shall remain unchanged.
Yours faithfully,
( K K Vohra )
Chief General Manager
Related Press Release
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/117 · issued 16 Jul 2010. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5878&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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