What are offshore derivative instruments (Odis)? Why sebi banned it?
Summary points: Odis Let Foreign Investors Bet on Indian Stocks.See the flow chart #1 FPIS used derivatives to create and Hedge Odis. See the flow chart #2 Sebi’s New Rule Bans derivative-Based Odis for FPIS. FPIS must use actual stocks, not derivatives. Big ODI users need to disclose more details. This might reduce FPI Activity, … Read more