FIMMDA definition
Examples of FIMMDA in a sentence
The cost of funds to NABARD in case of funds raised from the market by NABARD for the specific purpose of funding the drawal applications under PM-▇▇▇▇▇, will be the prevailing market rate as applicable for such borrowing plus NABARD’s margin of 0.60% p.a. Else, the cost of funds shall be the 7 year (equivalent to tenor of loan) bond FIMMDA rate available on FIMMDA website one day prior to the date of disbursement, applicable to PSU AAA entities plus NABARD’s margin of 0.60% p.a.
The Indian Credit Derivatives Determinations Committee (the Committee) is a committee established by FIMMDA for the purposes of making determinations in connection with Credit Derivative Transactions in respect of which the Confirmation is either a Market-maker MCA or a User MCA.
We compute the market value of non-government securities, other than those quoted on the stock exchanges, wherever linked to the Yield-to-Maturity (“YTM”) rates, with a mark-up (reflecting associated credit risk) over the yield to maturity rates for government securities published by FIMMDA.
FIMMDA, at the request of market participants, had taken up with RBI the matter for waiver of physical exchange of Confirmation of secondary market OTC deals matched on F-TRAC in respect of CD, CP, Repos in Corporate Debt Securities CPs, CDs and NCDs of original maturity less than one year.
FIMMDA in consultation with market participants, sought RBI permission for waiver of the physical exchange of Confirmation through a multilateral agreement which can be entered into by the market participants on a one time basis for waiver of physical exchange of Confirmation.
We compute the market value our unquoted government securities included in the Available for Sale and Held for Trading categories as per the rates published by FIMMDA.