Duration of the Zero Coupon Bond is always same as maturity term.

CP issues are regulated by RBI Guidelines issued from time to time stipulating term, eligibility, limits and amount and method of issuance.

In an uniform price auction ie. Dutch Auction, all successful bidders pay a uniform price, which is usually the cut-off price (yield).

The members pay a one-time membership fee of Rs. 1 lakh. to CCIL.

If the price of the bond includes accrued interest, it is called as the dirty price or full price of the bond.

Price that excludes accrued interest is called clean price.

In most markets the convention is to quote the clean price, though the buyers always pay the seller the clean price and the accrued interest that is the dirty price.

In the SWAP, Mr M has to pay Mr N 10%  and Mr N has to pay to Mr M - MIBOR + 125bps = 10.25%

So in net - Mr N has to pay 0.25% to Mr M ( 10.25 - 10 )

The Principal Amount is Rs 10000000 .

So Mr N has to pay Rs 25000 (0.25% of 1 cr) to Mr M

The interest payment of Mr N is 11% of Rs 1 cr = Rs 1100000

So the total outflow for Mr N is Rs 25000 + Rs 1100000 = Rs 11,25,000.

The trading parameters for RDM segment are :

Face Value - Rs 100

Lot Size - 10

Tick - 0.01

Treasury bills are short-term debt instruments issued by the Central government. There are 3 types of T-bills which are issued: 91-days, 182-days and 364-days.