The guidelines for Separate Trading of Registered Interest and Principal of Securities (STRIPS) of government securities has been amended. The key changes include the substitution of ‘PDO-NDS (Negotiated Dealing System)’ with ‘RBI Core Banking Solution (e-Kuber System)’ in section II, clause (1) for operational purposes. Now, all fixed coupon securities issued by the Government of India are eligible, regardless of maturity year. For State Government/Union Territory fixed coupon securities, eligibility is granted if they have a residual maturity of up to 14 years and a minimum outstanding value of ₹1,000 crore on the day of stripping. A condition for all eligible government securities is that they must qualify as eligible investments for Statutory Liquidity Ratio (SLR) and be transferable.
