June 30, 2021
Launch of FBIL Modified MIFOR Curve with CCIL as the
June 15, 2021
Launch of FBIL Adjusted MIFOR Curve (Fallback of FBIL MIFOR
Curve) with CCIL as the Calculation Agent.
February 1, 2021
Introduction of Clearing Member structure
in Forex Forward segment.
November 2, 2020
Clearing Member Structure in the Rupee
IRS Guaranteed Segment went live.
October 5, 2020
Clearcorp introduced ‘Request for
Quote’ (RFQ) dealing mode for secondary market trading in the NDS-OM
September 21, 2020
Facility to book Forward Contracts on
the FX-Retail Platform operationalized.
March 3, 2020
Introduction of Tiered Membership structure in Securities
February 15, 2020
CROMS Web facilitating Direct Market Access for Gilt Account
Holders to CROMS Order Book for Market Repos in Government Securities went
October 25, 2019
ETP license received for NDS-OM, CROMS, NDS-CALL, ASTROID,
FX-CLEAR, FX-SWAP trading platforms.
October 1, 2019
Operationalization of F-TRAC as a CCIL Trade Repository.
August 5, 2019
Clearcorp Dealing Systems India Limited launched the FX-Retail
forex trading platform.
June 3, 2019
CD primary market reporting commenced on F-TRAC.
March 11, 2019
Implementation of the Voluntary Retention Route for FPIs and
its monitoring at CCIL.
November 19, 2018
Guaranteed settlement service commenced in respect of IRS
trades referenced to the MIFOR benchmark.
November 5, 2018
CCIL launched Triparty Repo services and CCP clearing of Triparty
repo transactions in government securities. Triparty repo trading
operationalized on the Triparty Repo Order Matching Platform of Clearcorp
Dealing Systems (India) Ltd.
April 03, 2018
Launch of the FBIL Forward Premia Curve, FBIL MIFOR and FBIL
December 12 , 2017
Launch of "FBIL MROR" with CCIL as the Calculation
August 23, 2017
Launch of "FBIL T-Bills Curve" and "FBIL
CD Curve" with CCIL as the Calculation Agent.
June 01, 2017
RBI mandated the implementation of the
LEI system for all participants in the OTC markets for Rupee interest rate
derivatives, foreign currency derivatives and credit derivatives in India.
March 29, 2017
Clearing Corporation of India Limited
(CCIL) recognized as a “third-country CCP”. CCIL has obtained recognition as
a “third-country CCP” under the European Market Infrastructure Regulation
(“EMIR”), consequent upon recognition of India as an equivalent regime by
European Commission’s decision dated December 15, 2016.
December 21, 2016
Legal Entity Identifier India Limited
(LEIL), a wholly Owned Subsidiary of CCIL, has been accredited by the Global
Legal Entity Identifier Foundation (GLEIF) as a Local Operating Unit (LOU)
for issuance of Legal Entity Identifiers (LEIs), among the first LOUs to be
accredited by GLEIF.
May 5, 2016
Launch of FBIL FC-Rupee Options
Volatility Matrix Rate, with CCIL as the Calculation Agent.
September 23, 2015
Launch of FBIL Term MIBOR, with CCIL
as the Calculation Agent.
August 3, 2015
Launch of ASTROID, the Anonymous IRS
Dealing System for trading in OTC rupee derivative trades.
July 22, 2015
Launch of FBIL Overnight MIBOR, with
CCIL as the Calculation Agent.
April 22, 2015
CCIL LOU was endorsed by ROC
(Regulatory Oversight Committee).
April 13, 2015
CCIL started disseminating data on
USD-INR forwards and USD-INR Currency Options.
New version of FX-CLEAR and FX-SWAP
Platform launched with CCIL as counter-party from point of trade concluded in
Order Matching Mode, allowing members to trade on these platforms without any
bilateral limits with various counter-parties.
Payment-versus-payment (PvP) mode of
settlement launched in the Forex Settlement Segment, resulting in substantial
reduction of risk for members.
March 26, 2015
Portfolio compression cycle carried
out for cleared forward INR/USD trades.
November 18, 2014
CCIL launched its services as a Local
Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers
(LEIs) in India.
June 2, 2014
FIMMDA's F-TRAC platform consisting of reporting modules for
capturing secondary market OTC trades in (i) Certificate(s) of Deposit; (ii)
Commercial Paper(s) and/or (iii) Repo Transactions in Certificate(s) of
Deposit, Commercial Paper(s) and/or Corporate Bonds has been transferred to
CDSIL, a wholly owned subsidiary of CCIL.
March 28, 2014
Launch of CCP Clearing of Rupee denominated Interest Rate
Swaps and Forward Rate Agreements.
January 6, 2014
RBI selected CCIL to act as a Local Operating Unit (LOU) for
issuing globally compatible Legal Entity Identifiers (LEIs) in India.
January 1, 2014
The Reserve Bank of India (RBI) granted the status of a
Qualified Central Counterparty (QCCP) to CCIL.
December 30, 2013
CCIL successfully launched the Phase IV of the Forex Trade
Repository with reporting of Interbank and Client transactions in Currency
Swaps and FCY Interest Rate Swaps and Forward Rate Agreements.
April 2, 2013
Phase III of the Forex Trade Repository launched with the reporting
of FCY-FCY and FCY-INR Forwards and FCY-FCY and FCY-INR Options between
Authorised Dealers and their Clients.
November 5, 2012
Launch of the Phase II of the Reporting Platform for
Inter-bank OTC Forex Derivatives
October 29, 2012
Migration of Securities Settlement to CBS
July 9, 2012
Launch of the Trade Repository service for OTC Foreign
Exchange Derivatives. The first phase begins with the capture of all
inter-bank forex forwards and swaps in the USD-INR currency pair, and
currency options in FCY-INR.
June 29, 2012
The web-based NDS-OM module for online trading in secondary
market for Government Securities by gilt account holders (GAH) was launched.
The module permits internet-based direct participation of gilt account
holders in secondary market for G-secs.
June 14, 2012
The settlement MNSB files for CCIL's Derivatives, Forex, CBLO
and Securities Segment migrated to Core Banking Solution (CBS) of RBI from
February 21, 2012
The NDS-Auction Web Based Module was launched to facilitate direct
internet based access to Gilt Account Holders to directly participate in
Primary auctions of Gilts.
December 1, 2011
The FIMMDA Integrated Reporting Platform (F-TRAC), developed
and maintained by Clearcorp Dealing Systems (India) Ltd., was launched. The
platform is for reporting deals in Corporate bonds, Corporate bond Repo and
Credit Default Swaps (CDS) for Corporate Bonds started, with
CDS trade reporting on CCIL’s Online Reporting Engines (CORE).
October 08, 2011
Market Repos in STRIPS instruments now facilitated on CROMS
New Version implemented effective 08 Oct '11. Several other functionality
enhancements also form part of the CROMS New Version.
July 28, 2011
CCIL on July 28, 2011 successfully carried out a Portfolio
Compression exercise in the OTC Interest Rate Swaps market.
June 27, 2011
Launch of CCIL’s new web portal.
August 11, 2010
CCIL started settlement of 'India-Pay Mobile Payment Service -
India Pay Switch' file on a Non Guaranteed basis.
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.
December 1, 2009
CCIL commenced the settlement of forex forward trades with
guarantee from the trade date.
June 1, 2009
The CCIL Tenor Index was launched to capture the tenor wise
movement across the term structure.
The CCIL SDL Index was launched to track the market for SDLs
through a representative index.
May 11, 2009
Version 2 of NDS Auction module went live to facilitate
bidding in primary Dated Securities auctions.
February 11, 2009
CCIL became the first organization to be granted authorisation
by the Reserve Bank of India under “The Payment & Settlement Systems Act-
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.
January 1, 2009
CCIL launched the CCIL Certification Programme (CCP), an
online testing and certification programme.
November 27, 2008
CCIL commenced Non-Guaranteed Settlement of OTC Trades in
June 26, 2008
Launch of Designated Settlement Bank (DSB) module, following
RBI’s decision to offer current account at DAD only for entities regulated by
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.
August 30, 2007
CCIL's reporting platform for the transactions in OTC Interest
Rate Derivatives (Interest Rate Swaps and Forward Rate Agreements (IRS/FRA))
July 03, 2007
CCIL started releasing the Daily Spot Reference Rates through
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.
March 5, 2007
The eNotice System extended to Non-NDS Associate Members.
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
January 16, 2007
Euroclear and The Clearing Corporation of India Limited (CCIL)
signed a Memorandum of Understanding (MOU) regarding post-trade processing
September 18, 2006
NDS - CALL, an electronic screen-based quote driven dealing
system for all Call, Notice and Term Money operations was launched.
September 11, 2006
Launch of Intraday Securities Withdrawal in CBLO segment.
September 4, 2006
CCIL launched its eNotice System available to all members for
sending their collateral notices in electronic form.
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.
August 1, 2006
CCIL receives the ISO/IEC 27001:2005 certification for
securing its information assets.
July 31, 2006
Version - 2.0 of the NDS - OM Trading Platform launched,
enabling trading in Treasury Bills and the When Issued market.
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.
August 16, 2005
CBLOi (Internet Trading System for Non-NDS
Members) commenced operations.
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.
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.
April 6, 2005
Commenced settlement of cross currency transactions through
February 7, 2005
Started releasing intra-day comparitive money market rates of
Call, Repo and CBLO markets on its website.
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
October 14, 2004
Govt. Securities Lending and Borrowing Scheme was operationalised.
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).
August 1, 2004
Rakshitra frequency enhanced from quarterly to monthly.
June 15, 2004
Operationalised “Straight Through Processing” arrangement for
settlement of foreign exchange trades done on FXCLEAR.
April 2, 2004
Commenced net settlements in Government Securities as per DVP
III Guidelines of Reserve Bank of India.
March 5, 2004
Non-NDS Members commence CBLO operations.
February 5, 2004
Extended scope of coverage of foreign exchange settlements to
include INR/USD Cash and TOM trades.
October 18, 2003
Electronic movement of Member Margins / Collaterals facilitated
through “Value Free Transfer Module” of NDS.
August 7, 2003
Launched Electronic Currency Dealing Platform “FX Clear” to
facilitate inter-bank foreign exchange dealing.
July 19, 2003
Operationalised Anonymous Auction System to facilitate Buy Back
of Government Securities by Government of India.
June 4, 2003
Set up a wholly owned Subsidiary Company – Clearcorp Dealing
Systems (India) Pvt. Ltd. to manage dealing platforms in Money and Currency
April 1, 2003
All trades in the securities settlement routed through CCIL.
February 15, 2003
Commenced publication of Zero Coupon Yield Curve on Website.
January 20, 2003
Launched new Money Market Instrument – “Collateralised
Borrowing and Lending Obligation” (CBLO) a repo variant with several unique
features for NDS Members.
Commenced guaranteed settlement of inter-bank foreign exchange
Spot trades in INR/USD and Forward Trades on Spot Window.
October 25, 2002
Started publication of “Weekly Market Update” containing
weekly statistics and analysis of settlement information and important market
October 17, 2002
Launched Quarterly Publication “Rakshitra” containing articles
in relevant operational areas as also detailed statistics and analysis of
April 10, 2002
Extended facility of guaranteed settlement for trades in
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 30, 2001
Incorporated as India's first clearing house for settlement of
market trades in Government Securities and inter-bank foreign exchange