CCIL

Bond Street: RBI, BoE closer to settling CCIL issue in boost for Bond Street

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Bond Street: RBI, BoE closer to settling CCIL issue in boost for Bond Street

Mumbai: The Reserve Bank of India and regulators in the UK have made significant headway in crafting a new agreement to govern the treatment of the Clearing Corporation of India (CCIL), with both sides moving closer to swiftly removing a hurdle that had threatened to stall British banks’ activity in Indian government bonds and derivatives. … Read more

Banks: Banks, CCIL in talks to build 3rd-party clearing process, unlock trade

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Banks: Banks, CCIL in talks to build 3rd-party clearing process, unlock trade

Mumbai: Domestic and European banks have started regular talks with the Clearing Corporation of India (CCIL) to build structures needed for third-party clearing of government bonds and derivatives, paving the way for starting trades worth billions of dollars that may otherwise have stalled due to a stand-off between the regulators home and away. “Banks and … Read more