ICCL is acronym of Indian Clearing Corporation Limited is wholly owned subsidiary of BSE Ltd. It a clearing house and carries out the function of clearing, settlement, collateral management and risk management for various segments of BSE. It act as a central counterparty to all the trade.
The offered document which contains the disclosures of Companies Act, 2013 and the rules thereof, also includes summary of term sheets, material updates including ratings, rationales, financial ratios as specified in schedule I, indicating pre and post issue changes.
These are bonds issued by the government or government authorized corporations to fund infrastructure projects. Additionally certain Banks are also allowed to issue such bonds against the infrastructure funding that they do.
It is a discount rate which brings down the value of future investments to present value and thus is helpful to calculate the profitability of potential investments.
An International Securities Identification Number is a unique identification alpha numeric code allotted for each security in the depository system by SEBI.
In a bond market, the issuer of the bond is the borrower (can be government/ corporate/private company), raising a definite sum of money from potential investors at a certain interest rate.