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Trading in the Retail Debt Market takes place in the same manner in which the trading takes place in the equities (Capital Market) segment. The RETDEBT Market facility on the NEAT system of Capital Market Segment is used for entering transactions in RDM session.
Trading Members who are registered members of NSE in the Capital Market segment and Wholesale Debt Market segment are allowed to trade in Retail Debt Market (RDM) subject to fulfilling the capital adequacy norms.
Trading Members with membership in Wholesale Debt Market segment only, can participate in RDM on submission of a letter in the prescribed format as per Circular No. NSE/CMTR/3860 dated January 11, 2003.
List of members providing RDM trading facility
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Trading in RDM segment takes place on all days of the week, except Saturdays and Sundays and holidays declared by the Exchange in advance (The holidays on the RDM segment shall be the same as those on the Equities segment).
The market timings of the RDM segment are the same as the Equities segment, viz.:
Normal Market Open : 09:15 hours
Normal Market Close : 15:30 hours
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The trading parameters for RDM segment are as below:
| Face Value |
Rs. 100/- |
| Permitted Lot Size |
10 |
| Tick Size |
Rs. 0.01 |
| Operating Range |
+/- 5% |
| Mkt. Type Indicator |
D (RETDEBT) |
| Book Type |
RD |
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Trading in RDM takes place on the 'National Exchange for Automated Trading' (NEAT) system, a fully automated screen based trading system, which adopts the principle of an order driven market.The RETDEBT Market facility on the NEAT system of Capital Market Segment is used for entering transactions in RDM session.
Features of RETDEBT Market for entering transactions in RDM session
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Trading in Retail Debt Market is permitted under Rolling Settlement, where in each trading day is considered as a trading period and trades executed during the day are settled based on the net obligations for the day.
Settlement is on a T+2 basis i.e. on the 2nd working day. For arriving at the settlement day all intervening holidays, which include bank holidays, NSE holidays, Saturdays and Sundays are excluded. Typically trades taking place on Monday are settled on Wednesday, Tuesday's trades settled on Thursday and so on.
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