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 with maximum residual maturity of 5 years.
Forex Forward trades with residual maturity upto 13 months are eligible for
guaranteed settlement under Forex Forward Segment.