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about SEM-BI

 
 

SEM Bond Index (SEM-BI) comprises rupee and foreign-currency denominated debt instruments that are listed and traded on both the Official Market and the Development & Enterprise Market (DEM) and excludes structured debt products, zero coupon debt instruments and debt instruments that have a maturity of less than one year. It is a market capitalization based index. Market capitalization of the underlying debt instruments is based on last traded prices. On its launch date on the 14th November 2017, SEM-BI had an introductory level of 100 points at the opening of the market. The base market capitalization of the SEM-BI was equal to the total market capitalization of the underlying debt securities at market close on the 13th of November 2017.

SEM-BI is a rupee-based Index and calculated at market close on each business day.  The conversion rate applied to convert foreign denominated debt instruments in MUR is the CDS Conversion Rate (CCR) of the trade day as defined under section 7.7.1 of the CDS Procedures.