| |
| April 30,
2001 |
Incorporated as India's first clearing
house for settlement of market trades in Government Securities and inter-bank
foreign exchange transactions.
|
| February 15, 2002 |
Commenced clearing and settlement of market trades
in Government Securities co-terminus with operationalisation of Reserve Bank of
India’s Negotiated Dealing System (NDS).
|
| April 10, 2002
|
Extended facility of guaranteed settlement for
trades in Government Securities.
|
| October 17, 2002 |
Launched Quarterly Publication “Rakshitra”
containing articles in relevant operational areas as also detailed statistics
and analysis of settlement information.
|
| October 25, 2002 |
Started publication of “Weekly Market Update”
containing weekly statistics and analysis of settlement information and
important market developments.
|
| November 8,2002 |
Commenced guaranteed settlement of inter-bank
foreign exchange Spot trades in INR/USD and Forward Trades on Spot Window.
|
| January 20, 2003 |
Launched new Money Market Instrument –
“Collateralised Borrowing and Lending Obligation” (CBLO) a repo variant with
several unique features for NDS Members.
|
| February 15, 2003 |
Commenced publication of Zero Coupon Yield Curve on
Website. |
| April 1, 2003 |
All trades in the securities settlement routed
through CCIL.
|
| June 4, 2003 |
Set up a wholly owned Subsidiary Company –
Clearcorp Dealing Systems (India) Pvt. Ltd. to manage dealing platforms in
Money and Currency Markets.
|
| July 19, 2003 |
Operationalised Anonymous Auction System to
facilitate Buy Back of Government Securities by Government of India. |
| August 7, 2003 |
Launched Electronic Currency Dealing Platform “FX
Clear” to facilitate inter-bank foreign exchange dealing. |
| October
18, 2003 |
Electronic movement of Member Margins /
Collaterals facilitated through “Value Free Transfer Module” of NDS. |
| February
5, 2004 |
Extended scope of coverage of foreign
exchange settlements to include INR/USD Cash and TOM trades. |
| March 5,
2004 |
Non-NDS Members commence CBLO
operations. |
| April 2,
2004 |
Commenced net settlements in Government
Securities as per DVP III Guidelines of Reserve Bank of India. |
| June 15,
2004 |
Operationalised “Straight Through
Processing” arrangement for settlement of foreign exchange trades done on
FXCLEAR. |
| August 1,
2004 |
Rakshitra frequency enhanced from
quarterly to monthly. |
| August
27, 2004 |
Started clearing and settlement of ATM
transactions of National Financial Switch operated by Institute for Development
and Research in Banking Technology (IDRBT). |
| October
14, 2004 |
Govt. Securities Lending and Borrowing
Scheme was operationalised.
|
| January
31, 2005 |
Released its Sovereign Bond
Indices,CCIL BROAD GILTS INDEX, Consisting of top 20 securities and CCIL LIQUID
GILTS INDEX, consisting of the 5 most liquid bonds, to track the movement of
the government securities market.
|
| February
7, 2005 |
Started releasing intra-day comparitive
money market rates of Call, Repo and CBLO markets on its website.
|
| April 6,
2005 |
Commenced settlement of cross currency
transactions through CLS.
|
| May 2,
2005 |
CCIL released its T-Bill Index
consisting of two T-bill indices – CCIL EQUAL WEIGHT T-Bills INDEX and CCIL
LIQUIDITY WEIGHT T-Bills INDEX. The CCIL T-Bills Indices are instruments that
would capture the market movement in the short term maturity segment. |
| August 1,
2005 |
RBI launched the anonymous screen based
order matching trading module for govt. securities on its Negotiated Dealing
System–Order Matching Segment (NDS-OM) with CCIL as the central counterparty to
all deals. |
| August
16, 2005 |
CBLOi (Internet Trading
System for Non-NDS Members) commenced operations. |
| March 20,
2006 |
CCIL has launched Overnight
Collateralised Benchmark Reference Rates for Indian market, namely CCIL
Collateralised Benchmark Bid Rate (CCBID) and CCIL
Collateralised Benchmark Offer Rate (CCBOR). The rates are
disseminated at 10:10 A.M. from Monday to Friday. The historical data is
available in CCIL website (http: //www.ccilindia.com) from January 2004. |
| July 31,
2006 |
Version - 2.0 of the NDS - OM
Trading Platform launched, enabling trading in Treasury Bills and
the When Issued market. |
| August
2006 |
CCIL receives the ISO/IEC 27001:2005
certification for securing its information assets. |
| September
4, 2006 |
CCIL released its CCIL ALL
SOVEREIGN BOND INDICES (CASBI), which would reflect the broad
movement of the market as it contains all available sovereign bonds. The base
date of the index is January 1, 2004. |
| September
4, 2006 |
CCIL launched its eNotice System
available to all members for sending their collateral notices in electronic
form. |
| September
11, 2006 |
Launch of Intraday Securities
Withdrawal in CBLO segment. |
| September
18, 2006 |
NDS - CALL, an
electronic screen-based quote driven dealing system for all Call, Notice and
Term Money operations was launched. |
| January 3, 2007 |
NDS Auction module went live to facilitate bidding in Primary Treasury Bill Auctions. |
| January 16, 2007 |
Euroclear and The Clearing Corporation of India Limited (CCIL) signed a Memorandum of Understanding (MOU) regarding post-trade processing collaboration. |
| January 25, 2007 |
CCIL launched the CCIL MIBOR (CCIL Mumbai Inter-Bank Offer Rate)/MIBID (CCIL Mumbai Inter-Bank Bid Rate) based on Dealt Quotes from NDS-Call. |
| March 5, 2007 |
The eNotice System extended to Non-NDS Associate Members. |
| May 21, 2007 |
Version 3.0 of the NDS-OM was launched enabling Odd Lot trading, trading of new securities in the When Issued market and trading of CSGL entities on this platform. |
| July 03, 2007 |
CCIL started releasing the Daily Spot Reference Rates through it's website. |
| August 30, 2007 |
CCIL's reporting platform for the transactions in OTC Interest Rate Derivatives (Interest Rate Swaps and Forward Rate Agreements (IRS/FRA)) became operational. |
| September 10, 2007 |
Version 2.0 of NDS-CALL electronic screen-based quote driven dealing system for Call, Notice & Term money was launched. The enhancements include User hierarchy with multiple user levels with pre set role privileges and risk mitigation measures such as assigning Single Order Limit and setting up of exposure limits for Counterparties at various levels. |
| November 12, 2007 |
The Depository Trust & Clearing Corporation (DTCC) and The Clearing Corporation of India Limited (CCIL) have signed a Memorandum of Understanding (MOU) aimed at promoting closer collaboration between the two market infrastructure organizations. |
| November 27, 2008 |
CCIL commenced Non-Guaranteed Settlement of OTC Trades in Rupee Derivatives. |
|