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    Question

    Clearing Corporation of India Limited (CCIL),

    incorporated in April 2001,facilitates, clearing and settlement of - 
    A Government securities Correct Answer Incorrect Answer
    B Shares Correct Answer Incorrect Answer
    C Cheques Correct Answer Incorrect Answer
    D Electronic payments like NEFT, RTGS Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    CCIL is a Central Counterparty (CCP) which was set up in April 2001 to provide clearing and settlement for transactions in Government securities, foreign exchange and money markets in the country. CCIL acts as a central counterparty in various segments of the financial markets regulated by the RBI viz. the government securities segment, collateralised borrowing and lending obligations (CBLO) - a money market instrument, USD-INR and forex forward segments. Moreover, CCIL provides non-guaranteed settlement in the rupee denominated interest rate derivatives like Interest Rate Swaps/Forward Rate Agreement market.

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