Swapnil Kulkarni's Contact Details

Swapnil Kulkarni's Company Details

CCIL

, Indiana, United States • 380 Employees
Financial Services

The Clearing Corporation of India Ltd. (CCIL) was set up in April, 2001 for providing exclusive clearing and settlement for transactions in Money, GSecs and Foreign Exchange. The prime objective has been to improve efficiency in the transaction settlement process, insulate the financial system from shocks emanating from operations related issues, and to undertake other related activities that would help to broaden and deepen the money, debt and forex markets in the country. The company commenced operations on February 15, 2002 when the Negotiated Dealing System (NDS) of RBI went live. CCIL started providing the settlement of forex transactions since November 2002. CCIL launched the Collateralised Borrowing and Lending Obligation (CBLO) in January 2003, a money market product based on Gilts as collaterals. It has developed a forex trading platform "FX-CLEAR" which went live on August 7, 2003. CCIL has started the settlement of cross-currency deals through the CLS Bank from April 6, 2005. At the request of RBI, CCIL developed and currently manages the NDS-OM and NDS-CALL electronic trading platforms for trading in the government securities and call money. It has also developed the NDS-Auction module for Treasury Bills auction by RBI. CCIL has received the ISO/IEC 27001:2005 certification from M/s Det Norsk Veritas in 2006 for securing its information assets.