Which of the following statements regarding the RBI’s scheme for trading & settlement of Sovereign Green Bonds (SGrBs) in IFSC is/are correct?
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The scheme applies to investments in Sovereign Green Bonds (SGrBs) issued by the Government of India to eligible investors in IFSC.
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Investors are permitted to repackage any derivative instrument on underlying securities and undertake repo transactions in such securities.
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Eligible IBUs are permitted to participate in primary auctions of SGrBs but must reverse trade with their parent bank in India on a T+0 settlement basis to close out any open securities positions.
1
Only statement 1 is correct
2
Only statement 2 is correct
3
Only statement 1 and 3 are correct
4
Only statement 1 and 2 are correct
5
All statements are correct