Question
What is the purpose of the Clearing Corporation of
India Limited (CCIL) in the Indian capital market?Solution
The Clearing Corporation of India Limited (CCIL) is a subsidiary of the Reserve Bank of India (RBI) and provides centralized clearing and settlement services for trades in the money, government securities, and forex markets. CCIL was established in April 2001 to bring about improvements in the functioning of the market and to ensure the safety and stability of the market. The main function of CCIL is to act as a counterparty to all trades executed in the markets it operates in and to guarantee the settlement of these trades. Hence, option C is correct.
Which is the document inviting applications for the subscription of shares which does not specify the details of either price or no. of shares being off...
A protection against financial losses in the future is called:
Which is the document governing the internal management of the company?
PO Ltd made total sales of ₹1,00,00,000  for which the Cost of Goods Sold was ₹ 70,00,000 . If the Inventory at end of previous year ...
Contingent liabilities are recorded in:
Which of the following is an Alternate reference interest rate for dollar denominated derivatives and loans that replaced LIBOR?
Which of the following is an intangible asset?
What is the provisioning requirement for a standard asset for fund based facilities of Farm Credit to agricultural activities, individual housing loans ...
What does a zero-tolerance policy for discrimination and harassment emphasize?
Which of the following statement is incorrect?
