S&P BSE Liquid Rate Index launched
Asia Index, a joint venture (JV) between S&P Dow Jones Indices and BSE has launched a new index to measure the performance of Collateralized Borrowing and Lending Obligation (CBLO) rate - one of most liquid rates in the country. CBLO is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of the loan.
The launch of S&P BSE Liquid Rate Index, It helps in expanding fixed income indices offering in the most actively traded instrument in the money market. The CBLO rate is considered one of most liquid rates in India. This index is designed to measure the returns from a daily rolling deposit at the CBLO rate.
So let's do:
1. Expand the terms CBLO?
2. Standard-Asia Index launched which index to track performance of CBLO rate?