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Page Content
Introduction
FX-CLEAR
FX-CLEAR, a forex dealing system, which was
launched by Clearcorp on August 7, 2003, offers two modes of dealing i.e. Order
Matching mode and Negotiation mode. FX-CLEAR covers the inter-bank US
Dollar-Indian Rupee (USD- INR) Spot, Swap and other transactions. The USD-INR
deals constitute about 85% of the transactions of the total Forex transactions
in India in terms of value.
The new version of FX-CLEAR platform launched
w.e.f. 6th April 2015, offers guaranteed settlement from the point of trade for
all the trades concluded on the Order Matching Mode of the platform, wherein
these trades shall be automatically sent to Clearing Corporation. Accordingly,
Clearing Corporation (CCIL) shall be the Counterparty for these
Trades.
FX-SWAP
FX-SWAP, a forex swap dealing system,
which was launched by Clearcorp on May 31, 2010, offers an order matching
platform for forex swaps. This platform endeavours to provide a transparent and
anonymous medium for trading in the highly broker driven swaps market by
offering swap instruments extending up to 12 months along-with three upto spot
instruments viz Cash/Tom, Cash/Spot, Tom/Spot, a LD/LD instrument (Month 1 end
over Month 2 end) and two ORF instruments (Month 1 end and Month 2 end).
FX-SWAP platform was launched with a unique feature of guarantee from the point
of trades for the Forward Legs of the transactions concluded on the
platform.
The new version of FX-SWAP platform
launched w.e.f. 6th April 2015, extends the benefits of guaranteed settlement
from the point of trade to all the legs of the trades concluded on the
platform, including Cash, Tom, Spot and Forwards, wherein these trades shall be
automatically sent to Clearing Corporation. Accordingly, Clearing Corporation
(CCIL) shall be the Counterparty for these Trades.
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