India becomes latest CLS addition
CCIL submitted its first round of trades to CLS on April 8, which consisted of 10–15 trades from three of its member banks. The trades made up the first round of controlled end-to-end testing. A second round of testing will take place this week and "hopefully thereafter we will be able to go live", said Indirani Rao, vice-president at the CCIL in Mumbai.
"This is an exciting time for us in CCIL. These next few weeks will see the culmination of an intricate project to get the CLS proposition to
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