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NSE CLEARING, The Organisation
NSE Clearing Limited (NSE Clearing) (formerly known as National Securities Clearing Corporation Limited, NSCCL), a wholly owned subsidiary of NSE is responsible for clearing and settlement of all trades executed on NSE and deposit and collateral management and risk management functions. NSE CLEARING was the first clearing corporation to be established in India and we introduced settlement guarantee before it became a regulatory requirement. NSE Clearing has maintained a credit rating of "AAA" from CRISIL since 2008.

NSE CLEARING Vision

To provide robust and well-governed multi-asset class Central Counterparty (CCP) infrastructure with global presence for safe and efficient value added services through robust strong risk management systems and processes, setting global benchmarks.

Objectives

  • to bring and sustain confidence in clearing and settlement of securities;
  • to promote and maintain, short and consistent settlement cycles;
  • to provide counter-party risk guarantee, and
  • to operate a tight risk containment system.

NSE CLEARING commenced clearing operations in April 1996.

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Note:
For CM segment, settlement details are published for settlement type 'N' and 'W' and includes settlement data of deals pertaining to series IL and BL.

*Security settlement value expressed in terms of face value.

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