The Clearing Corporation of India Ltd. (CCIL) on November 02, 2026, issued a notification regarding the introduction of Clearing and Guaranteed Settlement of NDF Transactions.
The following has been stated: -
•The Clearing Corporation of India Limited (CCIL) has introduced clearing and guaranteed settlement facilities for Non-Deliverable Forward (NDF) transactions in the Forex Forward Segment, in addition to the existing facility for Deliverable Forward (DF) trades with residual maturity of up to 36 months.
•CCIL will act as the Central Counterparty (CCP) for NDF trades, covering both bilateral trades reported to the CCP and trades executed through the FXClear Platform of Clearcorp Dealing Systems (India) Pvt. Ltd.
•The clearing and settlement of NDF trades will be governed by the Bye-Laws, Rules and Regulations of Forex Settlement and Forex Forward Regulations.
•The facility will be effective from December 07, 2026 (settlement date).
The detailed notification is given in the document below.
[Notification No.: CCIL/FX/USD-INR/37]
