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National Automated Clearing House, introduced by National Payments Corporation of India, is a centralised clearing service that aims at providing interbank high volume, low value transactions that are repetitive and periodic in nature.
DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC).. In 2008, The Clearing Corporation (CCorp) and The Depository Trust & Clearing Corporation announced CCorp members will benefit from CCorp's netting and risk management processes, and will leverage the asset servicing capabilities of DTCC's Trade ...
The Clearing Corporation (TCC, former CCorp) is "a Delaware corporation owned by 17 stockholders (which include banks Goldman Sachs, Deutsche Bank and Morgan Stanley, as well as inter-dealer brokers ICAP and GFI Group and German derivatives exchange Eurex), many of whom represent the world-wide derivatives marketplace participants and market makers."
Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999. [3] CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts. [4]
The United Stock Exchange of India (USE) is an Indian government owned stock exchange. It is the 4th pan India exchange launched for trading financial instruments in India. USE represents the commitment of 21 Indian public sector banks, private banks, international banks (Standard Chartered) and corporate houses to build an institution of repute.
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Clearing Corporation of India Limited (CCIL): It is responsible for providing clearing and settlement services for foreign exchange and money market transactions. Securities Appellate Tribunal (SAT): It is a quasi-judicial body that hears appeals against SEBI's decisions.
From April 2015 to January 2016 he served as managing director of Metropolitan Clearing Corporation of India Ltd (MCCIL) (Formerly, MCX-SX Clearing Corporation Ltd (MCX-SXCCL). Kumar was appointed as Interim CEO and MD of MSEI on 10 October 2015 and full-time CEO and MD since February 2016.