The Clearing Corporation of India Ltd (CCIL) on September 25, 2026, issued a notification regarding the introduction of Clearing and Guaranteed Settlement of FCY-INR (non-USD) Trades in the Closed User Group (CUG).
The following has been stated: -
•CCIL will conduct Closed User Group (CUG) testing for clearing and guaranteed settlement of non-USD FCY-INR trades under the Forex Settlement Segment.
•The testing will involve selected pilot member banks and small/nominal-value transactions to validate the end-to-end clearing and settlement process.
•The operational checklist will be shared with participating members.
•The notification will be effective from the settlement date of September 28, 2026.
[Notification No.: CCIL/FX/34]
