FIMMDA - Mission


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Mission

FIMMDA's represents Market Players and aids the development of the bond, money and derivatives markets. Dovetailed with this mission are specific objectives such as:

To function as the principal interface with the regulators on various issues that impact the functioning of these markets.
To undertake developmental activities, such as, introduction of benchmark rates and new derivatives instruments, etc.
To provide training and development support to dealers and support personnel at member institutions.
To adopt/develop international standard practices and a code of conduct in the above fields of activity.
To devise standardized best market practices.
To function as an arbitrator for disputes, if any, between member institutions.
To develop standardized sets of documentation.
To assume any other relevant role facilitating smooth and orderly functioning of the said markets.

FIMMDA seeks to achieve these objectives by establishing specific working groups. FIMMDA is represented in the Technical Advisory Committee (TAC) of the Reserve Bank of India on Government Securities and Money Market and also that on the Foreign Exchange Markets. The TAC provides FIMMDA an ideal platform to air market views to the central bank of the country. FIMMDA also conducts seminars, training programs and symposia to facilitate the achievement of its stated objectives.