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 Float and Basis Swaps referenced to MIBOR and MIOIS with maximum maturity of 10 years and Forward Rate Agreements with maximum maturity of 10 years.
Interbank Forex Forward trades with residual maturity upto 13 months are eligible for guaranteed settlement under Forex Forward Segment.