Introduction

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.

The FX-CLEAR covers the inter-bank US Dollar-Indian Rupee (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 transactions of the total Forex transactions in India in terms of value.