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 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 RTGS.
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 CDs/CPs.
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- 2007”.
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 Rupee Derivatives.
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.
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)) became operational.
July 03, 2007
CCIL started releasing the
Daily Spot Reference Rates through it's website.
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
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 NDS-Call.
January 16, 2007
Euroclear and The Clearing Corporation of India Limited (CCIL) signed a
Memorandum of Understanding (MOU) regarding post-trade processing collaboration.
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
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.
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 CLS.
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 market.
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 Markets.
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 developments.
October 17, 2002
Launched Quarterly Publication “Rakshitra” containing articles in relevant operational areas as also detailed statistics and analysis of settlement information.
April 10, 2002
Extended facility of guaranteed settlement for trades in Government Securities.
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 transactions.