Corporate Debt Market Development Fund
On 28th July, 2023, Union Minister of Finance and Corporate Affairs inaugurated the Corporate Debt Market Development Fund (CDMDF) in Mumbai.
- She also initiated the trading on Limited Purpose Clearing Corporation mechanism called AMC Repo Clearing Limited (ARCL).
About CDMDF
- It is a backstop facility for specified debt funds during market dislocations.
- It will be in the form of an alternative investment fund (AIF), meant to instill confidence among the participants in the corporate bond market during times of stress.
Main Purpose
- To serve as a safety net for designated debt funds in times of debt market strain.
- To acquire investment-grade corporate debt ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 New Maritime Digital Initiatives: Powering Maritime Efficiency
- 2 Financial Stability Report
- 3 SEBI Tightens Timelines for Rebalancing Mutual Fund Portfolios
- 4 RBI Relaxes PSL Norms for Small Finance Banks
- 5 Statistical Report on Agriculture and Allied Sectors
- 6 Rapid Expansion of India's Startup Ecosystem
- 7 RBI Introduces STRIPS in State Government Securities
- 8 Sagarmala Finance Corporation Limited: India’s First Maritime NBFC
- 9 India’s First International Agri Hackathon
- 10 Viksit Krishi Sankalp Abhiyan
