A false start for AMC Repo Clearing
AMC Repo Clearing (ARCL), a limited-purpose clearing corporation (LPCC) backed by the Securities and Exchange Board of India and funded by asset management companies, showed a lot of promise on the day of launch. However, the platform hasn’t reported any trades since then. When Finance Minister Nirmala Sitharaman inaugurated the platform on July 28, it recorded a turnover of Rs 480 crore across 12 trades. According to people in the know, industry players are yet to fully warm up to the idea of an LPCC, and ARCL is engaging with corporates, primary dealer
First Published: Aug 07 2023 | 6:16 AM IST