Clearing Agency for Government Securities

Q.  Which of the following is the clearing agency for Government securities?
- Published on 16 Feb 17

a. GOI
b. RBI
c. CCIL
d. SEBI

ANSWER: CCIL
 
The CCIL is the clearing agency for Government securities.

It acts as a Central Counter Party (CCP) for all transactions in Government securities by interposing itself between two counter parties.

The Clearing Corporation of India limited (CCIL) was set up in April 2001.

The CCIL clears all transactions in government securities, and repurchase agreements (repos) reported on the Negotiated Dealing System.

CCIL

Founded : April 2001
Headquarter : Mumbai, India
Current Head : Mr. R Sridharan (MD)

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