CCIL set to clear FX forwards

MUMBAI - The Clearing Corporation of India's (CCIL) initiative to guarantee currency forwards is likely to go live within the next two to three months, following the Reserve Bank of India's (RBI) clarifications in its annual policy statement last week (April 21).

The RBI had already given its backing to the scheme, but the final obstacle was information on the credit risk weight ascribed for exposure to central counterparties (CCPs) (FX Week, March 9). In last week's statement, the RBI confirmed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: