1.

What is the Forex settlement system that CCIL follows?

2.

What are the pre-requisites for seeking Forex membership?

3.

What is the mode of settlement through CCIL?

4.

What are the advantages of Payment versus Payment (PVP) mode of Settlement through CCIL?

5.

What is the process of Novation?

6.

How is the connectivity between CCIL and the members established?

7.

How will the members know if the files have not been successfully sent to CCIL through FRS?

8.

Can members re-report the trades failed due to technical validation or incorrect format?

9.

What are the basic business validations that CCIL does after the data is received in the system?

10.

What are the types of trades that are currently settled through CCIL?

11.

What are the types of trades reported to CCIL?

12.

What is the cut-off time to report trades to CCIL?

13.

What is the time window for online exposure check in Forex Settlement Segment?

14.

Do banks have to report trades done on Fx-Clear, Fx-Swap or FX-Retail Dealing platform of CCIL?

15.

Are trades done on Fx-Clear, Fx-Swap or FX-Retail Dealing platform of CCIL subjected to Exposure Check?

16.

When and how can a deal be amended or cancelled?

17.

How is the Exposure verification done?

18.

What is the cut-off time for covering limit excess/pending exposure trades?

19.

What is Cash Settlement process?

20.

What are the various options to cover limit excess/pending exposure trades?

21.

What is pre-funding and explain the process of process of Pre-funding in Forex Settlement Segment?

22.

When is the Net-position Report generated for Members?

23.

What is an Inside/ Outside Swap?

24.

How will a member do the reconciliation of deals settling through CCIL?

25.

Process Flow for Forex Clearing and Settlement

26.

What is the cut-off time for receiving US Dollar obligation by CCIL? What happens if the funds are received post the cut-off time?

27.

What is the process of Shortage Handling?

28.

What are the CCIL charges/penalty levied in case of a default?

29.

What is Shortage Allocation Process?

30.

What are the various reports available for members?

31.

What are the CCIL settlement charges in USD/INR Segment?

32.

What is a direct debit mandate (MT 204/MT 202R)? How will it help the member Banks?

33.

What is loss mutualisation on US Dollar?