Collateralized borrowing and lending obligation (CBLO) - Financial definition
Financial acronyms
The entire acronym collection of this site is now also available offline with this new app for iPhone and iPad.
Country
: India
Concise definition of the term collateralized borrowing and lending obligation
CBLOs are interest-bearing, collateralized money market instruments developed by the Clearing Corporation of India (CCIL) and the Reserve Bank of India (RBI). Issued with maturities ranging from 1 day to 1 year, they are used by institutions that are restricted from using the interbank call money market.