RBI Grants Qualified Counterparty Status to CCIL

The Reserve Bank of India (RBI) has granted Qualified Central Counterparty (QCCP) status to the Clearing Corporation of India (CCIL). CCIL already guaranteed transactions in government securities, collateralised borrowing and lending obligations (CBLO) and from now will guarantee dollar/rupee trades, interest rate derivatives and forward rate agreements. In July 2013, CCIL was designated as a […]

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