India’s CCIL set to become currency options trade repository

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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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