Insiders: The EU and India have reached a settlement on the dispute over government bond settlement.

According to informed sources, the relevant departments of India and the European Union are preparing to announce an agreement that will allow EU banks to process transactions through the Indian Sovereign Bonds clearing house, thus resolving a longstanding dispute that has affected bond trading for several years. The sources mentioned above stated that the EU financial market regulatory authority - the European Securities and Markets Authority - has agreed to recognize the Indian clearing corporation as a legitimate clearing house for EU banks. They noted that EU banks will be able to conduct bond and derivative transactions smoothly through the official government bond clearing house in India, CCIL. The sources added that this dispute is expected to be resolved due to progress in the negotiations of the trade agreement between India and the EU.