NSE Bond Futures

NSE Clearing Limited (NSE Clearing) formerly known as National Securities Clearing Corporation Limited (NSCCL) is the clearing and settlement agency for all deals executed in Interest Rate Futures. NSE CLEARING acts as legal counter-party to all deals on Interest Rate Futures contract and guarantees settlement.

A Clearing Member (CM) of NSE CLEARING has the responsibility of clearing and settlement of all deals executed by Trading Members (TM) on NSE, who clear and settle such deals through them.