RBI releases recommendations of Apte Committee

Q.  Which committee has made key recommendations for permitting call, put and swaptions as well as subsequent introduction of a complex structure?
- Published on 11 Feb 16

a. Apte Committee
b. Singhal Committee
c. Kale Committee
d. None of the above

ANSWER: Apte Committee
RBI released the Apte Committee report which recommended that simple call and put options, caps, floors, collars and swaptions are to be permitted and there will be subsequent introduction of complex structures. OTC as well as exchange traded options may also be included. FIMMDA and FBIL will also come out with a list of eligible domestic money or debt market rates as benchmarks like G-Sec, T-Bills, MIBOR,OIS, MIFOR, IRF etc.

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