Clearing Corporation of India has continuously extended its frontiers from the settlement of trades in the outright and repo segment of fixed income market and FOREX trades to developing trading platforms for transactions in the outright, FOREX and money market. CBLO, the money market instrument developed by CCIL has been able to capture significant volumes in the money market. Trading on this platform has been extended to Non-NDS members also. Cross-currency trades have been taken for settlement by CCIL through the CLS Bank. It has been the constant endeavor of CCIL to fulfill market requirements and expectations.

Towards this end, CCIL plans to consider acceptance of Forward Trades from trade date itself for guaranteed settlement from the existing settlement of these trades under the Spot window. CCIL, in consultation with market users, has finalized the business model, including the risk management processes, for settlement of OTC trades in Rupee Derivative Products (Interest Rate Swaps and Forward Rate Agreements).