What are Offshore Derivative Instruments or Participatory Notes?
Offshore Derivative Instruments (ODIs), also known as Participatory notes (p-notes) are instruments used by the foreign investors to invest in India’s securities markets without getting registered with the SEBI. Securities include shares, bonds and derivatives. In the article on foreign investment, we learnt that Foreign Institutional Investors (FII) and their sub-accounts have to register themselves with SEBI to …
What are Offshore Derivative Instruments or Participatory Notes? Read More »