Clearcorp Dealing Systems (India) Ltd. (Clearcorp), a wholly owned subsidiary of CCIL, was incorporated in June, 2003 to facilitate, set up and carry on the business of providing dealing systems/platform in Collateralised Borrowing and Lending Obligation (CBLO), Repos and all money market instruments of any kind and also in foreign exchange (FX-CLEAR) and currencies of all kinds. Clearcorp has been set up to facilitate CCIL to segregate its other activities from Clearing and Settlement activities, a risk bearing activity. Accordingly, the Shareholders of CCIL at their meeting held on June 4, 2003 resolved to transfer all activities of the Company relating to Forex Dealing Platform (FX-CLEAR) and Collateralised Borrowing and Lending (CBLO) dealing platform to Clearcorp and the same has been made operational from January 1, 2004.

Collateralised Borrowing and Lending Obligation (CBLO) is a product developed by CCIL for the benefit of entities who have either been phased out from inter bank call money market or have been given restricted participation in terms of ceiling on call borrowing and lending transactions and who do not have access to the call money market. CBLO is a discounted instrument available in electronic book entry form for the maturity period ranging from one day to ninety days (can be made available up to one year as per RBI guidelines). In order to enable the market participants to borrow and lend funds, CCIL provides the Dealing System through Indian Financial Network (INFINET), a closed user group to the Members of the Negotiated Dealing System (NDS) who maintain Current account with RBI and through Internet for other entities who do not maintain Current account with RBI.

CCIL has developed FX-CLEAR, a Forex Dealing System, which has been launched on August 7, 2003. FX-CLEAR offers both Order Matching and Negotiation Modes for dealing. FX-CLEAR covers inter-bank USD-INR Spot and Swap transactions and transactions in major cross currencies (EUR/USD, USD/JPY, GBP/USD etc.) The USD-INR constitutes about 85% of the total FOREX transactions in India in terms of value.

Clearcorp Repo Order Matching System (CROMS) is an STP enabled anonymous Order Matching Platform launched by Clearcorp Dealing Systems (India) Ltd on 27th January 2009 for facilitating dealing in Market Repos in all kinds of Government Securities. It enables dealing in two kinds of Repos – (1) Basket and (2) Special Repos. Building on the internationally popular Standard Repo Model, Basket Repos enables dealing in baskets wherein repoable securities have been classified based on instrument type, liquidity and outstanding tenor and clustered together. While borrowers can raise funds through a Basket Repo against any of security forming part of the concerned basket, the lender is assured that it would receive only any of the securities forming part of the concerned basket. Details of security allocated are known to both counterparties post trade. As for Special Repos, which is the conventional repo, both borrower and lender are aware of the underlying security against which deal is sought to be concluded. CROMS provides better transparency, repo rate discovery and operational efficiency and has thus become the preferred avenue for market repo dealing as about 70% of all market repo action against Government Securities is concluded on the Platform consistently.