The full form of ODIs is Offshore/Overseas Derivative Instruments
Offshore Derivative Instruments (ODIs), also known as Participatory notes (p-notes) are instruments used by the foreign investors to invest in India’s securities markets without getting registered with the SEBI. Securities include shares, bonds and derivatives.
In the article on foreign investment, we learnt that Foreign Institutional Investors (FII) and their sub-accounts have to register themselves with SEBI to invest in India’s markets. And to register, they have to go through regulatory approval processes and fill several know your customers (KYC) forms, provide PAN no. etc.
ODIS
means
Offshore/Overseas Derivative Instruments
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