October 4, 2010

 

Press Release no. 01

Press Release regarding FIMMDA-NSE MIBID-MIBOR

 

Currently Wholesale Debt Market (WDM) segment of the Exchange computes and disseminates the FIMMDA-NSE Mumbai Inter-bank Bid Rate (MIBID) and Mumbai Inter-bank Offer Rate (MIBOR) for the Overnight call rates at 0940 Hrs and 14 days, 1 month and 3 month Term rates at 1130Hrs from Monday to Friday whereas at 1030 Hrs and 1130 Hrs respectively on Saturday.

The Exchange in consultation with Market Practices Committee of FIMMDA decided to discontinue FIMMDA-NSE MIBID-MIBOR fixing on Saturdays w.e.f October 09, 2010.

Further, on the last working day of the week the Overnight and 3 Day FIMMDA-NSE MIBID-MIBOR fixing will continue as done presently.

All Trading members and market participants are requested to kindly take a note on the above. .