NSE International Exchange NSE IFSC: National Stock Exchange of India (NSE) wholly owned NSE International Exchange i.e. NSE IFSC has announced the commencement of trading in select US stocks, which will be facilitated through the NSE IFSC platform. The trading, clearing, settlement and holding of US stocks will be strictly governed by the regulatory structure of the IFSC Authority.
The exchange has shared the list of NSE IFSC receipts for which trading will commence from Thursday, March 3, 2022. These include 8 American stocks Alphabet (Google), Amazon (Amazon), Tesla (Tesla), Meta Platforms (Facebook), Microsoft, Apple, Netflix and Walmart. These offers will be in the form of unsponsored depository receipts.
Trading will start in some stocks later
The date of commencement of trading for the rest of the US stocks selected in the NSE IFSC Receipts will be notified later, the exchange said. These include Berkshire Hathaway, Adobe, Mastercard, Johnson & Johnson, Wells Fargo etc.
Investors will be able to hold depository receipts in their demat accounts opened in GIFT City and will be entitled to avail corporate action benefits in respect of the stock held therein.
LIC IPO: The country’s largest IPO may be postponed for the next financial year amid heavy ups and downs in the market
Trading will be done under RBI limit
NSE IFSC said in a circular issued in August, “This is a first of its kind initiative on IFSC, where retail investors of India trade under the Liberalized Remittance Scheme (LRS) limit as suggested by RBI through the platform of NSE IFSC. Will be able to do it.”
Under NSE IFSC, this route simplifies the entire process of international investment and will also reduce the cost for Indian retail investors. Investors will get the option of trading in fractional quantity values as compared to trading shares in the US markets, making it economical for them.
Multibagger Stock: This stock gave a return of 1800% in one year, shares from Rs 6 to Rs 114
NSE IFSC will provide strong risk management
It said “NSE IFSC Clearing Corporation Limited (NICCL) will offer its robust risk management framework, facilitating clearing and settlement for all trades in depository receipts. Also, NSE will provide settlement guarantee in respect of all trades taking place on the IFSC platform. In addition, all trades will also be covered under the Investor Protection Framework of NSE IFSC.”
,