Regulatory Alerts2025-05-13
Simplification of operational process and clarifying regarding the cash flow disclosure in Corporate Bond Database pursuant to review of Request for Quote (RFQ) Platform framework
The Securities and Exchange Board of India (SEBI) has issued a circular to simplify yield-to-price computation on the Request for Quote platform by basing cash flow dates on due dates rather than adjusted payment dates. The regulator mandates that issuers disclose detailed cash flow schedules, including due dates and payment dates, in the centralized corporate bond database upon ISIN activation and update any changes within one working day. These operational and disclosure requirements apply to both prospective debt issuances and existing listed securities, with the circular taking effect from August 18, 2025.
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