Axis Bank offers traders the option to deal in CBLO as a part of its money market services. The CBLO is a money market instrument designed to meet the borrowing and lending needs of banks and financial institutions, MFs, NBFCs and corporates. The borrowing and lending of Collateralised Borrowing & Lending Obligations are collateralized which means they are secured using G-Sec or T-Bills. For added transparency, trades are screen based with CCIL, which is a central counter party. Apart from this, CCIL has also appointed Axis Bank as Settlement Bank to offer CBLO on Associate Member basis to co-op banks, FIs, insurance companies and corporates.
CBLO is a money market instrument designed to meet the borrowing and lending needs of Banks, Financial
- Meets borrowing and lending needs of banks, FIs, MFs, NBFCs and corporates
- Borrowing and lending is collateralised ie, secured using G-Sec or T-Bills
- Trades are screen based and with CCIL being a central counter party
- CCIL has appointed Axis Bank as Settlement Bank to offer CBLO on Associate Member basis to co-op banks, FIs, insurance companies and corporates
