Segments

Introduction  

CCIL offers CCP Clearing for USD-INR Interbank FX Option trades with maturities up to 1 year for both bilateral trades as well as trades concluded on the Electronic Trading Platform “OPTIX” of ClearCorp Dealing Systems (India) Limited, CCIL’s wholly owned subsidiary. 

All Entities satisfying the eligibility criteria specified by RBI and CCIL shall be eligible to seek membership of FX Options segment of CCIL. 

The following USD-INR FX Option trades are eligible for Guaranteed Settlement:

i. Reported (bilateral) FX Option Trades for tenor up to one year.
ii. Reported (bilateral) Delta Hedge Forward Trades for tenor up to one year.
iii. FX Option Trades and its corresponding Delta Hedge Forward Trades concluded on OPTIX platform, up to maturity of one year.  

Entities desirous of availing the services are requested to complete necessary documentation formalities with CCIL for joining the Guaranteed and Non-Guaranteed Services of FX Options segment.

Benefits

Benefits of USD-INR FX Option Guaranteed Option Segment:-

• Reduced Settlement Risk with efficient Clearing and Settlement system for FX Options.
• Auto flow of trades from “OPTIX” Trading Platform to CCIL for Clearing and Settlement.
• Multilateral Net Settlement of cashflows of INR Premiums & Unwind Consideration.
• Providing end to end Life cycle services on trades, including settlement of USDINR Spot trades (arising out of Option Exercise).
• Reduction in Counterparty Exposure i.e. Risk of loss from counterparty default would be minimal due to proper marginal framework.
• CCIL has been accorded as QCCP- hence reduced capital requirement to the Participants.