IFSC Banking Units (IBUs) permitted to undertake OTC derivatives on Gold and Silver

IFSCA has decided to permit IFSC Banking Units (IBUs) to undertake OTC derivatives on Gold and Silver and offer such derivatives to their clients. Market makers are permitted to offer derivatives of the following asset classes:

  1. Foreign exchange
  2. Interest rate
  3. Credit
  4. Offshore Derivative Instruments (ODIs)
  5. Gold
  6. Silver

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