Clearing & Settlement

NSCCL carries out the clearing and settlement of the trades executed in the equities and derivatives segments of the NSE. It operates a well-defined settlement cycle and there are no deviations or deferments from this cycle. It aggregates trades over a trading period, nets the positions to determine the liabilities of members and ensures movement of funds and securities to meet respective liabilities.

NSCCL has empanelled 13 clearing banks to provide banking services to trading members and has established connectivity with both the depositories for electronic settlement of securities.

Read more about NSCCL's Clearing & Settlement functions for:

Equities

Security Lending & Borrowing Scheme (SLBS)

Mutual Funds

Equity Derivatives

Currency Derivatives

NSE Bond Futures

Retail Debt Market

Corporate Bonds

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Did You Know

The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

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