Central Clearing Requirements Information Repository

*(Last Update: 23 November 2020)*
Authority:	India-Securities and Exchange Board of India
Jurisdiction:	India
Product features
Product Type:	Foreign exchange forward
Currency 1:	INR
Currency 2:	USD
Product Tenor:	Up to 13 months
Other Product Characteristics:
Eligible CCPs
Eligible CCPs:	CCIL
Where any of the eligible CCPs listed in the preceding column are not authorised to provide clearing services to all the products in this row, details of these limitations:
Exemptions (Note: The application of the exemptions below may be subject to conditions and restrictions. Please see the relevant notes for details.)
End-users/ non-financial entities exemption:	Yes View Note India Mandatory central clearing requirements only apply to inter-bank contracts
Affiliated entities / group entities exemption:	No View Note India Mandatory central clearing requirements only apply to inter-bank contracts
Pre-existing transactions exemption:	Yes View Note India Mandatory central clearing requirements only apply to inter-bank contracts
Other exemptions, if any:

Effective Date:	June 2014

Reference:	Foreign Exchange Dealer Association of India letter no SPL-5/CCIL-FFGS/2014 dated 9th May 2014 to its members

Last Update of the Regime:	01 June 2014 View Note India 19 September 2014 revision

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