May 2, 2023
launched the “SARVAM” platform to to provide Valuation, Margining, collateral
management and risk analytics services for non-centrally cleared derivatives.
commenced guaranteed settlement to all the trades referenced to the Modified
the new version of FX-Clear platform enabling members to trade in the FBIL
USD/INR Reference Rate (R-Spot)
the new version of FX-Retail Platform with facility to Rollover and Early
Deliver outstanding Forward Contracts.
the RBI Retail Direct Scheme - a one-stop solution to facilitate investment
in Government Securities by Individual Investors.
FBIL Modified MIFOR Curve with CCIL as the Calculation Agent.
FBIL Adjusted MIFOR Curve (Fallback of FBIL MIFOR Curve) with CCIL as the
of Clearing Member structure in Forex Forward segment.
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
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
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
August 23, 2017
Launch of "FBIL T-Bills Curve" and
"FBIL CD Curve" with CCIL as the Calculation Agent.
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.
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,
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.
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.
CCP Clearing of Rupee denominated Interest Rate Swaps and Forward Rate
selected CCIL to act as a Local Operating Unit (LOU) for issuing globally
compatible Legal Entity Identifiers (LEIs) in India.
Bank of India (RBI) granted the status of a Qualified Central Counterparty
(QCCP) to 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.
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.
the Phase II of the Reporting Platform for Inter-bank OTC Forex Derivatives
of Securities Settlement to CBS
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.
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.
MNSB files for CCIL's Derivatives, Forex, CBLO and Securities Segment
migrated to Core Banking Solution (CBS) of RBI from RTGS.
NDS-Auction Web Based Module was launched to facilitate direct internet based
access to Gilt Account Holders to directly participate in Primary auctions of
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.
Default Swaps (CDS) for Corporate Bonds started, with CDS trade reporting on
CCIL’s Online Reporting Engines (CORE).
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 successfully carried out a Portfolio Compression exercise in
the OTC Interest Rate Swaps market.
CCIL’s new web portal.
started settlement of 'India-Pay Mobile Payment Service - India Pay Switch'
file on a Non Guaranteed basis.
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.
commenced the settlement of forex forward trades with guarantee from the
Tenor Index was launched to capture the tenor wise movement across the term
SDL Index was launched to track the market for SDLs through a representative
of NDS Auction module went live to facilitate bidding in primary Dated
the first organization to be granted authorisation by the Reserve Bank of
India under “The Payment & Settlement Systems Act- 2007”.
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.
launched the CCIL Certification Programme (CCP), an online testing and
commenced Non-Guaranteed Settlement of OTC Trades in Rupee Derivatives.
Launch of Designated Settlement Bank (DSB)
module, following RBI’s decision to offer current account at DAD only for
entities regulated by them.
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.
reporting platform for the transactions in OTC Interest Rate Derivatives
(Interest Rate Swaps and Forward Rate Agreements (IRS/FRA)) became
started releasing the Daily Spot Reference Rates through it's website.
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
System extended to Non-NDS Associate Members.
launched the CCIL MIBOR (CCIL Mumbai Inter-Bank Offer Rate)/MIBID (CCIL
Mumbai Inter-Bank Bid Rate) based on Dealt Quotes from NDS-Call.
and The Clearing Corporation of India Limited (CCIL) signed a Memorandum of
Understanding (MOU) regarding post-trade processing collaboration.
NDS - CALL,
an electronic screen-based quote driven dealing system for all Call, Notice
and Term Money operations was launched.
Intraday Securities Withdrawal in CBLO segment.
launched its eNotice System available to all members for sending their
collateral notices in electronic form.
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.
receives the ISO/IEC 27001:2005 certification for securing its information
2.0 of the NDS - OM Trading Platform launched, enabling trading in Treasury
Bills and the When Issued market.
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.
Trading System for Non-NDS Members) commenced operations.
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
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.
settlement of cross currency transactions through CLS.
releasing intra-day comparitive money market rates of Call, Repo and CBLO
markets on its website.
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.
Securities Lending and Borrowing Scheme was operationalised.
clearing and settlement of ATM transactions of National Financial Switch
operated by Institute for Development and Research in Banking Technology
frequency enhanced from quarterly to monthly.
“Straight Through Processing” arrangement for settlement of foreign exchange
trades done on FXCLEAR.
net settlements in Government Securities as per DVP III Guidelines of Reserve
Bank of India.
Members commence CBLO operations.
scope of coverage of foreign exchange settlements to include INR/USD Cash and
movement of Member Margins / Collaterals facilitated through “Value Free
Transfer Module” of NDS.
Electronic Currency Dealing Platform “FX Clear” to facilitate inter-bank
foreign exchange dealing.
Anonymous Auction System to facilitate Buy Back of Government Securities by
Government of India.
Set up a
wholly owned Subsidiary Company – Clearcorp Dealing Systems (India) Pvt. Ltd.
to manage dealing platforms in Money and Currency Markets.
in the securities settlement routed through CCIL.
publication of Zero Coupon Yield Curve on Website.
new Money Market Instrument – “Collateralised Borrowing and Lending
Obligation” (CBLO) a repo variant with several unique features for NDS
guaranteed settlement of inter-bank foreign exchange Spot trades in INR/USD
and Forward Trades on Spot Window.
publication of “Weekly Market Update” containing weekly statistics and
analysis of settlement information and important market developments.
Quarterly Publication “Rakshitra” containing articles in relevant operational
areas as also detailed statistics and analysis of settlement information.
facility of guaranteed settlement for trades in Government Securities.
clearing and settlement of market trades in Government Securities co-terminus
with operationalisation of Reserve Bank of India’s Negotiated Dealing System
as India's first clearing house for settlement of market trades in Government
Securities and inter-bank foreign exchange transactions.