The regulator also stipulated that the borrowing amount cannot exceed the “guaranteed receivables” expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities, such as G-Secs, Treasury Bills, State Development Loans (SDLs) and STRIPS, interest payments on G-Secs and SDLs, as well as sale proceeds of these securities, according to PTI.
