Thursday, October 18, 2007

ODIs are generally issued by foreign securities brokering houses and foreign banks

If ODI is not one-day international, what’s it?

Chennai, Oct. 17 Participatory notes or PNs are back in the news, with the SEBI (Securities and Exchange Board of India) issuing a draft discussion paper on ODIs (offshore derivative instruments).

If that is too much of an alphabet soup to start, on a day that saw the markets in a tizzy, here is Ms Bahroze Kamdin, Director, BSR & Co, a firm of chartered accountants, explaining things about the new animal that has been let loose on the bourses!

Excerpts from an e-mail interview.


1 comment:

Lea said...

People should read this.