• G.SEC & VALUATIONS
  • REPORTING PLATFORMS
  • CORPORATE BOND
  • CORPORATE BOND REPO
  • CP/ CD
  • TRAINING
  • REPORTS & SPEECHES
  • MEETINGS
  • REPORTS & SPEECHES

Criteria

FIMMDA membership is open to scheduled commercial banks, financial institutions, primary dealers and insurance companies.

Membership Charges

The FIMMDA membership fee is Rs. 250,000 + taxes annually with a onetime registration fee of Rs. 250,000 + taxes

Membership Base

The 113 member strong representative body for the bond, money and derivatives markets in India constitutes of:

  • Public Sector Banks (13 in number)
  • Private Banks (21 in number)
  • Foreign Banks (35 in number)
  • Primary Dealers (07 in number)
  • Financial Institutions (07 in number)
  • Insurance Companies (18 in number)
  • Small Finance Banks (12 in number)

Role of FIMMDA

  • Functions as the principal interface with Regulators (like Reserve Bank of India, Securities Exchange Board of India, Ministry of Finance - Government of India, International Monetary Fund, World Bank)
  • Mandated by the Reserve Bank of India for valuation of Government Bonds, Corporate Bonds and Securitized Papers for valuation of investment portfolios of Banks and Primary Dealers
  • Undertakes developmental activities such as introduction of benchmarks and new products (e.g. Mumbai Inter-bank Offered Rate, Commercial Papers, Securitized Asset, Overnight Indexed Swaps)
  • Suggests Legal and Regulatory framework for the development of new products
  • Training and Development Support to the Debt & Derivatives Market
  • Standardisation of market practices

For a list of current members, please click here.