What is a Clearing Corporation (CC)?


Also referred to as a Clearing Firm/Clearing House, it is an organisation associated with an exchange (NSE/BSE) for managing the confirmation, settlement, and delivery of transactions. A CC ensures that the transactions are made in a prompt and efficient manner. 

The following list has the names of CCs in India:


Name
India International Clearing Corporation (IFSC) Limited
Indian Clearing Corporation Ltd.
Metropolitan Clearing Corporation of India Ltd.
Multi Commodity Exchange Clearing Corporation Ltd.
National Commodity Clearing Ltd.
National Securities Clearing Corporation Ltd.
NSE IFSC Clearing Corporation Limited

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