Banking News

Name change: CCIL is now Trade Repository

The Clearing Corporation of India Limited (CCIL) is now designated as ‘Trade Repository’ for the OTC interest rate and Foreign Exchange Contract.  The  designated trade repository will  be regulated and supervised under section 34(2) of Payment and Settlement Systems Act, 2007 (PSS Act).  Being a Financial Market Infrastructure (FMI), the repository would function under “Regulation and Supervision of Financial Market Infrastructures” regulated by RBI.

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