<ul data-eligibleForWebStory="false"><li>The Reserve Bank of India has proposed draft norms for novation of OTC derivative contracts to streamline over-the-counter derivative deals.</li><li>The proposed framework includes a clear regulatory mechanism for novation, formalisation of tripartite agreements, and exchange of mark-to-market values.</li><li>The guidelines aim to replace existing norms from 2013, seeking public comments until August 1, to align with evolving global practices.</li><li>This effort by RBI aims to enhance transparency, risk continuity, and operational efficiency for banks and financial institutions active in India’s derivatives market.</li></ul>

RBI Proposes Overhaul Of Novation Norms For OTC Derivatives

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