FBIL announces the benchmark rates for Treasury Bills (FBIL-TBILL) on a daily basis
except Saturdays, Sundays and public holidays at 5.30 PM. FBIL has developed the
FBIL-TBILL, a new benchmark for the money market based on Treasury bills traded
in the market. FBIL-TBILL is announced for seven tenors of 14 days, 1 month, 2 months,
3 months, 6 months, 9 months and 12 months. FBIL-TBILL is calculated on the basis
of secondary market trades executed and reported up to 5 PM on the NDS-OM Platform.
All trades having a value of Rs.5 crores and above and a minimum of three trades
in each tenor are considered for calculating the benchmark for each tenor. If there
are less than 3 trades in a particular tenor, the data is augmented by including
the executable orders on the NDS –OM Platform. The CCIL is the Calculating Agent.