CCIL’s Roy: CCP settlement for Indian CDS three years away

siddharta-roy
Siddhartha Roy, CCIL

The highly regulated Indian credit default swap (CDS) market needs time to develop before it can make the transition from bilateral to central counterparty (CCP) settlement, according to Siddhartha Roy, chief risk officer at Clearing Corporation of India Limited (CCIL), speaking at the Fixed Income Money Market and Derivatives Association of India conference in Kuala Lumpur on January 27.

"Before going to any CCP settlement we need to understand the market. What's possible is to create a trade w

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