Primary Dealership

Our Profile 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, 2004, 2005 and 2007. It has also been awarded the prestigious ‘Best Bond House’ by Financeasia.com for the years - 2001, 2004, 2005, 2006, 2007 and 2009. It was also awarded as the Best Domestic Bond House 2009 by AAA Asset Asian Awards. These awards are a strong testimony of our capabilities and continuing dominant position in the market.

 

Volumes achieved Over the past 5 years (Rs. bn)

Instruments 2015-16 2014-15 2013-14 2012-13 2011-12
Govt. Securities 12,781 13,614 11,449 6,788 4,926
Debt Placements 876 1,258 797 921 863
Non-SLR Securities 236 374 265 303 352
Derivatives 3,718 3,538 2,921 2,223 3,014