CCIL’s Roy: CCP settlement for Indian CDS three years away
The Indian CDS market, which started trading at the end of last year, will need three years before trades can start being cleared through a central counterparty, says clearing house CRO
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
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