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ICICI Securities Primary Dealership Limited is an acknowledged leader
in the Indian fixed income and money markets, with a strong franchise
across the spectrum of interest rate products and services –
institutional sales and trading, resource mobilization and research.
One of the first entities to be granted Primary Dealership license
by RBI, I-Sec PD has made pioneering contributions since inception
to debt market development in India.
The I-Sec PD desks trade actively in government securities, swaps
and corporate bonds markets. In each of these markets, it enjoys
dominant position, accounting for a significant share of trading
turnover.
Innovation and insight in rate markets drive I-Sec PD’s relationship
with clients. We actively assist clients in providing interest rate
structures to suit their objectives. I-Sec PD Sales team has developed
a strong network of relationships covering institutional investors
such as banks, mutual funds, insurance companies, provident funds
and non-banking finance companies. These relationships are serviced
by a wide distribution network with footprints across the country.
The Capital Markets desks’ profound understanding of resource
requirements of clients coupled with I-Sec PD’s client relationships
make us ‘Arranger’ of choice.
I-Sec PD is also credited with pioneering debt market research in
India. Our in-depth research and independent and well-considered
market commentaries are widely read and acclaimed.
I-Sec PD’s expertise and leadership position have been consistently
recognised by domestic and international agencies. I-Sec PD has
been recognized as the ‘Best Domestic Bond House in India’
by Asiamoney for 2002, 2003, 2004, 2005 and 2007. It has also been
awarded the prestigious ‘Best Bond House’ by Financeasia.com
for the years - 2001, 2004, 2005, 2006 and 2007. These awards are
a strong testimony of our capabilities and continuing dominant position
in the market.
Volumes
achieved by the Debt Market Group over the past 5 years |
(Rs. bn) |
| Instruments |
2006-07 |
2005-06 |
2004-05 |
2003-04 |
2002-03 |
| Govt. Securities |
103 |
99 |
1,25 |
1,12 |
84 |
| Debt Placements |
23 |
28 |
13 |
8 |
12 |
| Non-SLR Securities |
7 |
66 |
13 |
13 |
13 |
| Derivatives |
91 |
65 |
70 |
46 |
19 |
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