How will the clearing and settlement take place?
The clearing and settlement will take place through institutions/banks arranged by the exchanges, which have tied up with different banks/institutions. NCDEX has tied up with NSCCL for clearing purpose. MCX has tied up with HDFC Bank and IndusInd Bank for providing clearing and settlement facilities.
Related Questions
- A CCP is an entity that interposes itself between the counterparties to a transaction, becoming the buyer to every seller and the seller to every buyer. What are the benefits of CCP clearing?
- How can I make use of Electronic Clearing Service for receiving funds / making payments?
- What account protection does Ridge Clearing provide?
