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RBI inks pact with BoE on bond clearing settlement
Mint Mumbai
|December 02, 2023
The Reserve Bank of India on Friday signed an agreement with the Bank of England (BoE) on exchange of information for settlement of bond trades through Clearing Corporation of India Ltd (CCIL).
Under the new memorandum of understanding (MoU), the BoE will assess and recognize CCIL as a counterparty to clear and settle bonds and overnight indexed swap trades done by England-based banks and investors.
CCIL is the RBI-supervised central counterparty which hosts the trading platform for Indian government bonds and overnight indexed swaps.
Diese Geschichte stammt aus der December 02, 2023-Ausgabe von Mint Mumbai.
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