Mumbai, January 16, 2020: National Stock Exchange of India Ltd (NSE) successfully listed around INR 2,21,224 crores worth of Commercial Papers outstanding, across 82 issuers in the country as on 15 January 2020.
NSE lists Commercial Papers (CP) under the framework prescribed by SEBI, the markets regulator. The listing of instruments like the commercial papers on NSE, would help increase investor’s awareness, interest and over time help broaden participation.
NSE’s electronic application filing platform (NEAPS) has been made available to the Commercial Paper issuers in order to ensure ease of process and save time for the issuers. NEAPS enables issuers to meet the prescribed listing timelines, ensuring the process is completed smoothly with minimal repeat submissions thus involving minimum effort in filing, tracking and processing of the applications.
CP’s are listed and made available for trading, effective the same day in cases wherein the issuer applies within the stipulated timeline. All CP issuances listed during the day are notified to the market through a Circular issued by the Exchange.
The listing of CPs is expected to lead to efficient transmission of information regarding corporate borrowings and liquidity positions to market participants. It will also contribute effectively towards development of commercial paper market and is expected to have a positive effect on the Debt Capital market in India.