RBI to discuss Lehman's interest rate swaps, primary dealer business

16 Sep 2008 email

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Source: Business Standard

The Reserve Bank of India is in the process of holding parleys with banks and Fixed Income and Money Market Dealers' Association (FIMMDA) to discuss the fate of Lehman Brothers' interest rate swaps and primary dealer business. Lehman Brothers have filed for bankruptcy under Chapter 11 in the United States and its global subsidiaries are expected to follow soon.

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