Member Structure in the Rupee IRS Guaranteed Segment went live.
introduced ‘Request for Quote’ (RFQ) dealing mode for secondary market
trading in the NDS-OM Platform.
book Forward Contracts on the FX-Retail Platform operationalized.
March 3, 2020
Introduction of Tiered Membership
structure in Securities Segment.
February 15, 2020
CROMS Web facilitating Direct
Market Access for Gilt Account Holders to CROMS Order Book for Market Repos
in Government Securities went live.
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 MIBOR-OIS benchmark.
December 12 , 2017
Launch of "FBIL MROR"
with CCIL as the Calculation Agent.
August 23, 2017
Launch of "FBIL T-Bills
Curve" and "FBIL CD Curve" with CCIL as the Calculation
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.
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,
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.
FBIL FC-Rupee Options Volatility Matrix Rate, with CCIL as the Calculation
FBIL Term MIBOR, with CCIL as the Calculation Agent.
ASTROID, the Anonymous IRS Dealing System for trading in OTC rupee derivative
FBIL Overnight MIBOR, with CCIL as the Calculation Agent.
was endorsed by ROC (Regulatory Oversight Committee).
started disseminating data on USD-INR forwards and USD-INR Currency Options.
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.
(PvP) mode of settlement launched in the Forex Settlement Segment, resulting
in substantial reduction of risk for members.
compression cycle carried out for cleared forward INR/USD trades.
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
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
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
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
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
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
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 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
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
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
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
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
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
August 7, 2003
Launched Electronic Currency
Dealing Platform “FX Clear” to facilitate inter-bank foreign exchange
July 19, 2003
Operationalised Anonymous Auction
System to facilitate Buy Back of Government Securities by Government of
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
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.