All the secondary market transactions in Government Securities are settled through Clearing Corporation of India Limited (CCIL). Both the funds as well as the securities leg get settled through members' Current Account maintained with RBI or Designated Settlement Bank & SGL/CSGL Accounts maintained with RBI. Trades are settled under DVP-III method of settlement in which ISIN wise securities are netted separately for SGL & CSGL transactions & funds netting is done on a multilateral basis. As a Central Counter Party CCIL guarantees settlement of all such trades on the settlement date and ensures efficiency of the settlement system.