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NSE CLEARING, The Organisation

NSE Clearing Limited (National Clearing) formerly known as National Securities Clearing Corporation Limited (NSCCL), a wholly owned subsidiary of NSE, was incorporated in August 1995. It was the first clearing corporation to be established in the country and also the first clearing corporation in the country to introduce settlement guarantee. NSE Clearing has been recognized as QCCP by SEBI, Third Country CCP (TC-CCP) by European Securities Market Authority, and as TC-CPP by Temporary Recognition Regime of the UK.

NSE Clearing Limited (NSE Clearing), has received reaffirmation of its corporate credit rating of 'CCR AAA/Stable' from CRISIL. 'CCR AAA/Stable' rating indicates the highest degree of strength with regard to honouring debt obligations. 

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.

 

NSE Clearing Limited (National Clearing) formerly known as National Securities Clearing Corporation Limited (NSCCL) First Indian Clearing Corporation to get rated

CRISIL has assigned its highest corporate credit rating of ‘AAA’ to the NSE Clearing Limited (National Clearing) formerly known as National Securities Clearing Corporation Limited (NSCCL). 'AAA' rating indicates highest degree of strength with regard to honouring debt obligations. NSE CLEARING is the first Indian Clearing Corporation to get this rating. The rating reflects NSE CLEARING’s status as Clearing Corporation for NSE, India’s largest stock exchange. The rating also factors in NSE CLEARING’s rigorous risk management controls and adequate settlement guarantee cover.