Yes, CCIL pays interest on US Dollar collateral in terms of CCIL’s Bye laws Rules, Regulations and applicable Notifications. Forex Segment – FX Collateral contributions received are invested by CCIL in US Treasury Bills and the income earned is passed on to all members net of costs at half yearly rests. The income is distributed amongst members in proportion to the tenor and quantum of individual FX Collateral balances. Interest is paid in US Dollars by credit to members’ US Dollars Nostro Accounts with their Correspondents under electronic advices to the concerned member.
All reports are electronically delivered by CCIL to its members through its Report Browser
How the securities settlement will happen in respect of Triparty Repo trades ? Securities settlement for Triparty Repo trades shall take
place in the books of Tri party Repo Agent i.e. CCIL. The securities shall be
debited to respective members' Gilt Account equivalent to the net
funds borrowing outstanding for each tenor and such securities equivalent to
net lending for respective tenor shall be credited to the Gilt Account of
lender of funds.