Definition
Online Bond Platform Provider (OBPP)
An Online Bond Platform Provider is a SEBI-registered entity that offers listed debt securities to retail investors through an online platform under a dedicated regulatory framework.
An OBPP is regulated by SEBI specifically to sell listed bonds (and certain debt securities) to retail investors online, bringing transparency, disclosure norms and investor protection to a market that was historically institution-dominated.
Registration requires the platform to be a stockbroker in the debt segment and to follow rules on disclosures, KYC, settlement and risk warnings. This helps investors buy corporate and government bonds in smaller lots with clearer information.
Returns come from coupons and price changes, and risks include credit, interest-rate and liquidity risk. The OBPP framework aims to make retail bond investing safer and more standardised.
Related terms
- Bond Investing PlatformsBond investing platforms are SEBI-regulated online avenues, including Online Bond Platform Providers, that let retail investors buy listed corporate and government bonds in small lots.
- RBI Retail DirectRBI Retail Direct is a scheme that lets individual investors directly open an account with the RBI to buy and hold government securities without an intermediary.
- NCD Public IssueA Non-Convertible Debenture public issue is a company's offer of debt securities to the public that pay fixed interest and return principal at maturity, without converting into shares.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.