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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.
January 1, 2009 CCIL launched the CCIL Certification Programme (CCP), an online testing and certification programme.
January 27, 2009 Clearcorp launched 'Clearcorp Repo Order Matching System' (CROMS), a STP enabled electronic anonymous order matching platform to facilitate dealing in market repos in government securities. CROMS facilitates dealing in two kinds of Repos viz. Basket Repos and Special Repos for T+0 and T+1 settlement tenors.
February 11, 2009 CCIL became the first organization to be granted authorisation by the Reserve Bank of India under “The Payment & Settlement Systems Act- 2007”.
May 11, 2009 Version 2 of NDS Auction module went live to facilitate bidding in primary Dated Securities auctions.
June 1, 2009 The CCIL SDL Index was launched to track the market for SDLs through a representative index.
June 1, 2009 The CCIL Tenor Index was launched to capture the tenor wise movement across the term structure.
December 1, 2009 CCIL commenced the settlement of forex forward trades with guarantee from the trade date.
May 31, 2010 Launch of FX-SWAP Dealing System an anonymous order driven matching system which allows trading in 15 Instruments; including 3 upto Spot instruments (namely, Cash-Tom, Tom-Spot & Cash-Spot) and 12 month-end Forward instruments i.e. Spot over Month 1 end to Month 12 end. FX-SWAP is the first of its kind platform which offers guaranteed settlement of forward trades from the point of trade. However, trades up to the spot leg are subject to bilateral limits.