May 2, 2023 | CCIL
launched the “SARVAM” platform to to provide Valuation, Margining, collateral
management and risk analytics services for non-centrally cleared derivatives. |
April 3,
2023 | CCIL
commenced guaranteed settlement to all the trades referenced to the Modified
MIFOR benchmark. |
November 7,
2022 | Launch of
the new version of FX-Clear platform enabling members to trade in the FBIL
USD/INR Reference Rate (R-Spot) |
November
29, 2021 | Launch of
the new version of FX-Retail Platform with facility to Rollover and Early
Deliver outstanding Forward Contracts. |
November
12, 2021 | Launch of
the RBI Retail Direct Scheme - a one-stop solution to facilitate investment
in Government Securities by Individual Investors. |
June 30,
2021 | Launch of
FBIL Modified MIFOR Curve with CCIL as the Calculation Agent. |
June 15,
2021 | Launch of
FBIL Adjusted MIFOR Curve (Fallback of FBIL MIFOR Curve) with CCIL as the
Calculation Agent. |
February 1,
2021 | Introduction
of Clearing Member structure in Forex Forward segment. |
November 2,
2020 | Clearing
Member Structure in the Rupee IRS Guaranteed Segment went live. |
October 5,
2020 | Clearcorp
introduced ‘Request for Quote’ (RFQ) dealing mode for secondary market
trading in the NDS-OM Platform. |
September
21, 2020 | Facility to
book Forward Contracts on the FX-Retail Platform operationalized. |
March 3, 2020 | Introduction of Tiered Membership structure in
Securities Segment. |
February 15, 2020 | CROMS Web facilitating Direct Market Access for
Gilt Account Holders to CROMS Order Book for Market Repos in Government
Securities went live. |
October 25, 2019 | ETP license received for NDS-OM, CROMS, NDS-CALL,
ASTROID, FX-CLEAR, FX-SWAP trading platforms. |
October 1, 2019 | Operationalization of F-TRAC as a CCIL Trade
Repository. |
August 5, 2019 | Clearcorp Dealing Systems India Limited launched
the FX-Retail forex trading platform. |
June 3, 2019 | CD primary market reporting commenced on F-TRAC. |
March 11, 2019 | Implementation of the Voluntary Retention Route
for FPIs and its monitoring at CCIL. |
November 19, 2018 | Guaranteed settlement service commenced in
respect of IRS trades referenced to the MIFOR benchmark. |
November 5, 2018 | CCIL launched Triparty Repo services and CCP
clearing of Triparty repo transactions in government securities. Triparty
repo trading operationalized on the Triparty Repo Order Matching Platform of
Clearcorp Dealing Systems (India) Ltd. |
April 03, 2018 | Launch of the FBIL Forward Premia Curve, FBIL
MIFOR and FBIL MIBOR-OIS benchmark. |
December 12 , 2017 | Launch of "FBIL MROR" with CCIL as the
Calculation Agent. |
August 23, 2017 | Launch of "FBIL T-Bills Curve" and
"FBIL CD Curve" with CCIL as the Calculation Agent. |
June 01,
2017 | RBI
mandated the implementation of the LEI system for all participants in the OTC
markets for Rupee interest rate derivatives, foreign currency derivatives and
credit derivatives in India. |
March 29,
2017 | Clearing
Corporation of India Limited (CCIL) recognized as a “third-country CCP”. CCIL
has obtained recognition as a “third-country CCP” under the European Market
Infrastructure Regulation (“EMIR”), consequent upon recognition of India as
an equivalent regime by European Commission’s decision dated December 15,
2016. |
December
21, 2016 | Legal
Entity Identifier India Limited (LEIL), a wholly Owned Subsidiary of CCIL,
has been accredited by the Global Legal Entity Identifier Foundation (GLEIF)
as a Local Operating Unit (LOU) for issuance of Legal Entity Identifiers
(LEIs), among the first LOUs to be accredited by GLEIF. |
May 5,
2016 | Launch of
FBIL FC-Rupee Options Volatility Matrix Rate, with CCIL as the Calculation
Agent. |
September 23,
2015 | Launch of
FBIL Term MIBOR, with CCIL as the Calculation Agent. |
August 3,
2015 | Launch of
ASTROID, the Anonymous IRS Dealing System for trading in OTC rupee derivative
trades. |
July 22,
2015 | Launch of
FBIL Overnight MIBOR, with CCIL as the Calculation Agent. |
April 22,
2015 | CCIL LOU
was endorsed by ROC (Regulatory Oversight Committee). |
April 13,
2015 | CCIL
started disseminating data on USD-INR forwards and USD-INR Currency Options. |
April
6,2015 | New version
of FX-CLEAR and FX-SWAP Platform launched with CCIL as counter-party from
point of trade concluded in Order Matching Mode, allowing members to trade on
these platforms without any bilateral limits with various counter-parties. |
April
6,2015 | Payment-versus-payment
(PvP) mode of settlement launched in the Forex Settlement Segment, resulting
in substantial reduction of risk for members. |
March 26,
2015 | Portfolio
compression cycle carried out for cleared forward INR/USD trades. |
November
18, 2014 | CCIL
launched its services as a Local Operating Unit (LOU) for issuing globally
compatible Legal Entity Identifiers (LEIs) in India. |
June 2,
2014 | FIMMDA's
F-TRAC platform consisting of reporting modules for capturing secondary
market OTC trades in (i) Certificate(s) of Deposit; (ii) Commercial Paper(s)
and/or (iii) Repo Transactions in Certificate(s) of Deposit, Commercial
Paper(s) and/or Corporate Bonds has been transferred to CDSIL, a wholly owned
subsidiary of CCIL. |
March 28,
2014 | Launch of
CCP Clearing of Rupee denominated Interest Rate Swaps and Forward Rate
Agreements. |
January 6,
2014 | RBI
selected CCIL to act as a Local Operating Unit (LOU) for issuing globally
compatible Legal Entity Identifiers (LEIs) in India. |
January 1,
2014 | The Reserve
Bank of India (RBI) granted the status of a Qualified Central Counterparty
(QCCP) to CCIL. |
December
30, 2013 | CCIL
successfully launched the Phase IV of the Forex Trade Repository with
reporting of Interbank and Client transactions in Currency Swaps and FCY
Interest Rate Swaps and Forward Rate Agreements. |
April 2,
2013 | Phase III
of the Forex Trade Repository launched with the reporting of FCY-FCY and
FCY-INR Forwards and FCY-FCY and FCY-INR Options between Authorised Dealers
and their Clients. |
November 5,
2012 | Launch of
the Phase II of the Reporting Platform for Inter-bank OTC Forex Derivatives |
October 29,
2012 | Migration
of Securities Settlement to CBS |
July 9,
2012 | Launch of
the Trade Repository service for OTC Foreign Exchange Derivatives. The first
phase begins with the capture of all inter-bank forex forwards and swaps in
the USD-INR currency pair, and currency options in FCY-INR. |
June 29,
2012 | The
web-based NDS-OM module for online trading in secondary market for Government
Securities by gilt account holders (GAH) was launched. The module permits
internet-based direct participation of gilt account holders in secondary
market for G-secs. |
June 14,
2012 | The settlement
MNSB files for CCIL's Derivatives, Forex, CBLO and Securities Segment
migrated to Core Banking Solution (CBS) of RBI from RTGS. |
February 21,
2012 | The
NDS-Auction Web Based Module was launched to facilitate direct internet based
access to Gilt Account Holders to directly participate in Primary auctions of
Gilts. |
December 1,
2011 | The FIMMDA
Integrated Reporting Platform (F-TRAC), developed and maintained by Clearcorp
Dealing Systems (India) Ltd., was launched. The platform is for reporting
deals in Corporate bonds, Corporate bond Repo and CDs/CPs. |
December 1,
2011 | Credit
Default Swaps (CDS) for Corporate Bonds started, with CDS trade reporting on
CCIL’s Online Reporting Engines (CORE). |
October 08,
2011 | Market
Repos in STRIPS instruments now facilitated on CROMS New Version implemented
effective 08 Oct '11. Several other functionality enhancements also form part
of the CROMS New Version. |
July 28,
2011 | CCIL on
July 28, 2011 successfully carried out a Portfolio Compression exercise in
the OTC Interest Rate Swaps market. |
June 27,
2011 | Launch of
CCIL’s new web portal. |
August 11,
2010 | CCIL
started settlement of 'India-Pay Mobile Payment Service - India Pay Switch'
file on a Non Guaranteed basis. |
May 31,
2010 | Launch of
FX-SWAP Dealing System an anonymous order driven matching system which allows
trading in 15 Instruments; including 3 upto Spot instruments (namely,
Cash-Tom, Tom-Spot & Cash-Spot) and 12 month-end Forward instruments i.e.
Spot over Month 1 end to Month 12 end. FX-SWAP is the first of its kind
platform which offers guaranteed settlement of forward trades from the point
of trade. However, trades up to the spot leg are subject to bilateral limits. |
December 1,
2009 | CCIL
commenced the settlement of forex forward trades with guarantee from the
trade date. |
June 1,
2009 | The CCIL
Tenor Index was launched to capture the tenor wise movement across the term
structure. |
June 1,
2009 | The CCIL
SDL Index was launched to track the market for SDLs through a representative
index. |
May 11,
2009 | Version 2
of NDS Auction module went live to facilitate bidding in primary Dated
Securities auctions. |
February
11, 2009 | CCIL became
the first organization to be granted authorisation by the Reserve Bank of
India under “The Payment & Settlement Systems Act- 2007”. |
January 27,
2009 | Clearcorp
launched 'Clearcorp Repo Order Matching System' (CROMS), a STP enabled
electronic anonymous order matching platform to facilitate dealing in market
repos in government securities. CROMS facilitates dealing in two kinds of
Repos viz. Basket Repos and Special Repos for T+0 and T+1 settlement tenors. |
January 1,
2009 | CCIL
launched the CCIL Certification Programme (CCP), an online testing and
certification programme. |
November
27, 2008 | CCIL
commenced Non-Guaranteed Settlement of OTC Trades in Rupee Derivatives. |
June 26,
2008 | Launch of Designated Settlement Bank (DSB)
module, following RBI’s decision to offer current account at DAD only for
entities regulated by them. |
September
10, 2007 | Version 2.0
of NDS-CALL electronic screen-based quote driven dealing system for Call, Notice
& Term money was launched. The enhancements include User hierarchy with
multiple user levels with pre set role privileges and risk mitigation
measures such as assigning Single Order Limit and setting up of exposure
limits for Counterparties at various levels. |
August 30,
2007 | CCIL's
reporting platform for the transactions in OTC Interest Rate Derivatives
(Interest Rate Swaps and Forward Rate Agreements (IRS/FRA)) became
operational. |
July 03,
2007 | CCIL
started releasing the Daily Spot Reference Rates through it's website. |
May 21,
2007 | Version 3.0
of the NDS-OM was launched enabling Odd Lot trading, trading of new
securities in the When Issued market and trading of CSGL entities on this
platform. |
March 5,
2007 | The eNotice
System extended to Non-NDS Associate Members. |
January 25,
2007 | CCIL
launched the CCIL MIBOR (CCIL Mumbai Inter-Bank Offer Rate)/MIBID (CCIL
Mumbai Inter-Bank Bid Rate) based on Dealt Quotes from NDS-Call. |
January 16,
2007 | Euroclear
and The Clearing Corporation of India Limited (CCIL) signed a Memorandum of
Understanding (MOU) regarding post-trade processing collaboration. |
September
18, 2006 | NDS - CALL,
an electronic screen-based quote driven dealing system for all Call, Notice
and Term Money operations was launched. |
September
11, 2006 | Launch of
Intraday Securities Withdrawal in CBLO segment. |
September
4, 2006 | CCIL
launched its eNotice System available to all members for sending their
collateral notices in electronic form. |
September
4, 2006 | CCIL
released its CCIL ALL SOVEREIGN BOND INDICES (CASBI), which would reflect the
broad movement of the market as it contains all available sovereign bonds.
The base date of the index is January 1, 2004. |
August 1,
2006 | CCIL
receives the ISO/IEC 27001:2005 certification for securing its information
assets. |
July 31,
2006 | Version -
2.0 of the NDS - OM Trading Platform launched, enabling trading in Treasury
Bills and the When Issued market. |
March 20,
2006 | CCIL has
launched Overnight Collateralised Benchmark Reference Rates for Indian
market, namely CCIL Collateralised Benchmark Bid Rate (CCBID) and CCIL
Collateralised Benchmark Offer Rate (CCBOR). The rates are disseminated at
10:10 A.M. from Monday to Friday. The historical data is available in CCIL
website (http: //www.ccilindia.com) from January 2004. |
August 16,
2005 | CBLOi (Internet
Trading System for Non-NDS Members) commenced operations. |
August 1,
2005 | RBI
launched the anonymous screen based order matching trading module for govt.
securities on its Negotiated Dealing System–Order Matching Segment (NDS-OM)
with CCIL as the central counterparty to all deals. |
May 2, 2005 | CCIL
released its T-Bill Index consisting of two T-bill indices – CCIL EQUAL
WEIGHT T-Bills INDEX and CCIL LIQUIDITY WEIGHT T-Bills INDEX. The CCIL
T-Bills Indices are instruments that would capture the market movement in the
short term maturity segment. |
April 6,
2005 | Commenced
settlement of cross currency transactions through CLS. |
February 7,
2005 | Started
releasing intra-day comparitive money market rates of Call, Repo and CBLO
markets on its website. |
January 31,
2005 | Released
its Sovereign Bond Indices,CCIL BROAD GILTS INDEX, Consisting of top 20
securities and CCIL LIQUID GILTS INDEX, consisting of the 5 most liquid
bonds, to track the movement of the government securities market. |
October 14,
2004 | Govt.
Securities Lending and Borrowing Scheme was operationalised. |
August 27,
2004 | Started
clearing and settlement of ATM transactions of National Financial Switch
operated by Institute for Development and Research in Banking Technology
(IDRBT). |
August 1,
2004 | Rakshitra
frequency enhanced from quarterly to monthly. |
June 15,
2004 | Operationalised
“Straight Through Processing” arrangement for settlement of foreign exchange
trades done on FXCLEAR. |
April 2,
2004 | Commenced
net settlements in Government Securities as per DVP III Guidelines of Reserve
Bank of India. |
March 5,
2004 | Non-NDS
Members commence CBLO operations. |
February 5,
2004 | Extended
scope of coverage of foreign exchange settlements to include INR/USD Cash and
TOM trades. |
October 18,
2003 | Electronic
movement of Member Margins / Collaterals facilitated through “Value Free
Transfer Module” of NDS. |
August 7,
2003 | Launched
Electronic Currency Dealing Platform “FX Clear” to facilitate inter-bank
foreign exchange dealing. |
July 19,
2003 | Operationalised
Anonymous Auction System to facilitate Buy Back of Government Securities by
Government of India. |
June 4,
2003 | Set up a
wholly owned Subsidiary Company – Clearcorp Dealing Systems (India) Pvt. Ltd.
to manage dealing platforms in Money and Currency Markets. |
April 1,
2003 | All trades
in the securities settlement routed through CCIL. |
February
15, 2003 | Commenced
publication of Zero Coupon Yield Curve on Website. |
January 20,
2003 | Launched
new Money Market Instrument – “Collateralised Borrowing and Lending
Obligation” (CBLO) a repo variant with several unique features for NDS
Members. |
November
8,2002 | Commenced
guaranteed settlement of inter-bank foreign exchange Spot trades in INR/USD
and Forward Trades on Spot Window. |
October 25,
2002 | Started
publication of “Weekly Market Update” containing weekly statistics and
analysis of settlement information and important market developments. |
October 17,
2002 | Launched
Quarterly Publication “Rakshitra” containing articles in relevant operational
areas as also detailed statistics and analysis of settlement information. |
April 10,
2002 | Extended
facility of guaranteed settlement for trades in Government Securities. |
February
15, 2002 | Commenced
clearing and settlement of market trades in Government Securities co-terminus
with operationalisation of Reserve Bank of India’s Negotiated Dealing System
(NDS). |
April 30,
2001 | Incorporated
as India's first clearing house for settlement of market trades in Government
Securities and inter-bank foreign exchange transactions. |