National Securities Clearing Corporation Ltd. (NSCCL) Clearing and Settlement

The NSE is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactions. The National Securities Clearing Corporation Ltd. (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. NSCCL commenced clearing operations in April 1996.

This articles provides informationa about NSCCL and its clearing and settlement .

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Source: Altiusdirectory

National Securities Clearing Corporation Ltd. (NSCCL) Clearing and Settlement