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Clearing Corporation Makes Its Mark
EPW Research Foundation
Economic and Political Weekly
Vol. 38, No. 30 (Jul. 26 - Aug. 1, 2003), pp. 3128-3134
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4413820
Page Count: 7
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With the astronomical rise in the volume of transactions and multiple layers of financial operations, there is vast scope for reducing transaction costs and counterparty obligations and minimising financial risks by converting gross obligations into net. The Clearing Corporation of India Limited (CCIL) has assumed this role and within a little over a year has emerged as a major facilitator of transactions in gilt-edged debt, inter-bank forex market and money market instruments.
Economic and Political Weekly © 2003 Economic and Political Weekly