NCD Record Date

Question

NCD Record Date

The date by which investors must own the NCDs to be eligible for the payment of interest or repayment of principal.

Answer 1 · 2019-05-14

The record date the date up to which an investor must have the ownership of an NCD issue to be eligible to receive the interest or principal. It is 15 days prior to the date of payment of interest or the date of redemption of the NCD. In case the Record Date falls on a trading holiday, the next trading is deemed as the Record Date.

NCD Record Date

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