Guidelines for Sell / Purchase in Secondary Market

Purchase Guidelines in Secondary Market:

• Investor can buy the outstanding (not yet matured) government securities through portal.
• Investor will be able to enter and send buy order to his respective bank within secondary market time limitation.
• For placing buy order, the investor will select details such as security, bank, and amount of security to be bought.
•  All buy/ sell amounts will strictly observe the permissible minimum amounts multiples of security.
• After submitting the buy request, the investor can see the status of the request under the buy order in progress tab.
• The respective bank will reply to the buy request with details comprised of price, yield and cash amount on portal.
• The investor can either accept/ reject the quoted price.
• Investor will be time bound to either accept or reject the price. The bank will have the option to mention time with the price, for which the price is valid.
• When investor accepts the quoted price, the respective security will be added in his portfolio and the portfolio will be updated under the portfolio listing tab. The same will be communicated to the investor through email and SMS.  
• If coupon bearing instruments are being traded, accrued interest would be calculated at the time of buy and will be paid by the investor
• Investor will also have the option to add or generate forward buy date. In case of forward deal, accrued interest for the coupon bearing instruments will be adjusted accordingly.

Sell Guidelines in Secondary Market:

• Investor can sell government securities which are available in its ‘portfolio listing’ through system.
• Investor will be able to enter and send sell order to his respective bank within secondary market time limitation.
• For placing sell order, the investor will select details such as security, bank, and amount of security to be sold.
•  All buy/ sell amounts will strictly observe the permissible minimum amounts and multiples of security.
• After submitting the sell request, the investor can see the status of the request under the sell order in progress tab.
• The respective bank will reply to the sell request with details comprised of price, yield and cash amount on portal.
• The investor can either accept/ reject the quoted price.
• Investor will be time bound to either accept or reject the price. The bank will have the option to mention time with the price, for which the price is valid.
• In case if investor accept the quoted price, the respective security will be deducted from his portfolio and the portfolio will be updated under the portfolio listing tab. The same will be communicated to the investor through email and SMS.  
• If coupon bearing instruments are being traded, accrued interest would be calculated at the time of sell and will be received by investor
• Investor will also have the option to add or generate forward sell date. In case of forward deal, accrued interest for the coupon bearing instruments will be adjusted accordingly.