Introduction:
CCIL
is providing clearing and settlement services, for Triparty Repo trades in
Government Securities, under its Securities Segment. CCIL would act as a
Central Counterparty to all the borrow and lend Triparty Repo trades received
by it for settlement. CCIL would also be performing the role responsibilities
of Triparty Repo Agent, in terms of Repurchase transactions (Repo) (Reserve
Bank) Directions, 2018 as amended from time to time. CCIL would settle the
Triparty Repo trades, in terms of its Securities Segment Regulations.
The
Funds settlement of members is achieved by multilateral netting of the funds
position in Triparty Repo with the funds position in Outright and Market Repo
and settling in the books of RBI for members who maintain an RBI Current Account. In respect of other members, Funds settlement
is achieved in the books of Settlement Bank. Securities settlement for Triparty
Repo trades, shall be achieved in the Gilt Account of the Member maintained
with CCIL. Securities obligation for
outright and market repo trades shall be settled in the SGL / CSGL account of
the Member with RBI.