India’s CCIL set to become currency options trade repository

Siddharta Roy, chief risk officer, CCIL

The Clearing Corporation of India (CCIL), the government securities and forex clearing house owned by banks and dealers, has received in-principle approval from India's central bank to expand its existing trade repository function covering interest rate swaps to include currency options. Siddhartha Roy, chief risk officer at Mumbai-based CCIL, tells Asia Risk that once permitted officially by the Reserve Bank of India (RBI), CCIL will start receiving trade information from non-rupee currency

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