December 24, 2009

NSE’S NEWS UPDATE

For the second consecutive year CRISIL has assigned its highest corporate credit rating of ‘CCR AAA’ to the National Securities Clearing Corporation Ltd (NSCCL). 'CCR AAA' rating indicates highest degree of strength with regard to honouring debt obligations. As per CRISIL the rating reflects NSCCL’s status as Clearing Corporation for NSE, India’s largest stock exchange. The rating also factors in NSCCL’s rigorous risk management controls and adequate settlement guarantee cover. CRISIL has further stated that NSCCL’s risk management system is comprehensive, and is constantly upgraded to pre-empt market failures. The company addresses risks in clearing and settlement with its stringent norms for selection of members, robust margining system, and risk-based position limits and surveillance mechanism.