• Sunday, August 14, 2022

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MCXCCL- India’s First Clearing Corporation to Function from Sept 3

MCXCCL- India’s First Clearing Corporation in Commodity Derivatives to Function from Sept 3.

By: Radhakrishna N S

India’s Multi Commodity Exchange Clearing Corporation Ltd. (MCXCCL), a wholly owned subsidiary of Multi Commodity Exchange of India Ltd (MCX) will commence operations from September 3, 2018., said MCX in a stock filing on Thursday (30). In an inaugural ceremony on Thursday (30) at exchange premises in Mumbai SK Mohanty, Wholetime Member, Securities and Exchange Board of India (SEBI), the chief guest for the event, unveiled the plaque symbolizing the launch of MCXCCL, the first clearing corporation in the commodity derivatives market in India. “MCXCCL will provide secure counter-party risk management and post-trade services that would help mitigate risks. It…

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