Introduction

CCIL provides central trade processing services in Rupee Interest Rate Swaps (IRS) and Forward Rate Agreements (FRA). The instruments covered are Interest Rate Swap - Fixed Float and Basis Swaps with maximum maturity of 10 years and Forward Rate Agreements with maximum maturity of 10 years. CCIL extends post-trade processing services like Interest Rate Reset, Tracking payment obligation of members on their outstanding contracts etc. and settlement on Non Guaranteed basis.