Introduction

CCIL offers CCP clearing for Rupee Interest Rate Swaps (IRS), Forward Rate Agreements (FRA) and inter-bank USD/INR Forward trades.

Instruments covered under IRS and FRA are Interest Rate Swap – Fixed/Floating Swaps referenced to MIBOR and MIOIS with maximum maturity of 10 years and Forward Rate Agreements with maximum maturity of 10 years.

Interest Rate Swap- Fixed/ Floating referenced to MIFOR and Modified MIFOR (MMFOR) with maximum residual maturity of 5 years.

Interbank Forex Forward trades with residual maturity upto 13 months are eligible for guaranteed settlement under Forex Forward Segment.