Thursday, January 18, 2007

Clearing Corporation of India to collaborate with The Euroclear Group

The Clearing Corporation of India Limited (CCIL) has signed a memorandum of understanding (MoU) regarding post-trading processing transactions. The entities have agreed to collaborate on post-trade processing and explore the feasibility of a communications gateway between CCIL and European Bank, the international central securities depository (CSD).

The Euroclear Group includes Euroclear Bank as well as Euroclear Belgium, Euroclear France, Euroclear Netherlands and CRESTCo, the CSDs of Belgium, France, the Netherlands, and the UK and Ireland, respectively, and settles securities transactions of over €350 trn every year.

Read the complete article in Business Standard.

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