Introduction
CCIL
offers CCP clearing for Rupee Interest Rate Swaps (IRS), Forward Rate
Agreements (FRA) and inter-bank USD/INR Forward trades.
Instruments
covered under IRS and FRA are Interest Rate Swap – Fixed/Floating Swaps
referenced to MIBOR and MIOIS with maximum maturity of 10 years and Forward
Rate Agreements with maximum maturity of 10 years.
Interest
Rate Swap- Fixed/ Floating referenced to MIFOR and Modified MIFOR (MMFOR) with
maximum residual maturity of 5 years.
Interbank
Forex Forward trades with residual maturity upto 13 months are eligible for
guaranteed settlement under Forex Forward Segment.