With reference to the Indian economy, "Collateral Borrowing and Lending Obligations" are the instruments of:

Collateralized Borrowing and Lending Obligations (CBLO) are instruments of the money market in India. Developed by the Clearing Corporation of India Limited (CCIL), CBLOs are short-term, fully collateralized borrowing/lending instruments that allow market participants to borrow or lend funds for periods ranging from one day to one year. They were created for entities that have restricted access to the inter-bank call money market. CBLO has been gradually replaced by Tri-Party Repo (TREPS), but it remained a key money market instrument for liquidity management.