1. BUSINESS PARTNER OF NSDL
CLEARING CORPORATION
MADE BY:-
ANISH RASTOGI
02916659311

2. • The clearing corporations/houses of stock
exchanges also have to be electronically linked
to the depository in order to facilitate the
settlement of the trades done on the stock
exchanges for dematerialised shares. At
present, all the major clearing
corporations/houses of stock exchanges are
electronically connected to NSDL.

3. STOCK EXCHANGES
• Madras Stock Exchange Ltd. (MSE)
• National Stock Exchange of India Ltd. (NSE)
• Inter-connected Stock Exchange of India Ltd.
(ISE)
• OTC Exchange of India (OTCEI)

4. • The Calcutta Stock Exchange Association Ltd.
(CSE)
• The Delhi Stock Exchange Association Ltd.
(DSE)
• The Stock Exchange, Mumbai (BSE)
• The Stock Exchange, Ahmedabad (ASE)

5. • A clearing corporation or a clearing house of stock
exchange shall be admitted as a User on the Depository
only if
• The Depository is satisfied that the clearing corporation or
a clearing house of a stock exchange operates in such a
manner that it ensures payment against delivery or
guarantees settlement;
• In the opinion of the Depository, the clearing corporation
or a clearing house of a stock exchange has the operational
capability to provide the services relating to clearing and
settlement of transactions relating to the securities
admitted to the Depository to the held in dematerialised
form;

6. • The clearing corporation or a clearing house of
a stock exchange undertakes to co-operate at
all times to redress the grievances of Clients
and the Participant in respect of its operation
in relation to the Depository;
• The clearing corporation or a clearing house of
a stock exchange has adequate hardware and
software systems to interact with the
Depository as specified in the Business Rules.

7. • Clearing and Settlement
• The NSCCL (National Securities Clearing Corporation
Limited) carries out the clearing and settlement of the
trades executed in the CM segment
of NSE (National Stock Exchange) and operates constituent
SGL for settlement trades in government securities.
• Inter-region Clearing
• The NSCCL (National Securities Clearing Corporation
Limited) facilitates inter-region clearing. It has Regional
Clearing Centres at Delhi, Kolkata and Chennai and a
Central Clearing Centre at Mumbai. Members have
theoption of delivering or receiving the securities at a
clearing centre chosen by them.

8. • Certificates Handled
• To provide a level playing field to members irrespective
of their location, the NSCCL (National Securities
Clearing Corporation Limited) moves securities in the
normal pay-in and pay-out on behalf of the Clearing
Members from and to Regional Clearing Centres (RCC)
and the Central Clearing Centre (CCC) at Mumbai.
• Pre-delivery Verification
• The NSCCL (National Securities Clearing Corporation
Limited) was the first to start pre-delivery verification
to detect bad papers such as fake and forged
certificates or lost and stolen share certificates.

9. • Dematerialised Settlement
• The only effective solution to the problem of
fake/forged and stolen shares was
dematerialised trading and settlement. As SEBI
made demat settlements mandatory in an ever-
increasing number of securities in a phased
manner, the proportion of shares delivered in the
dematerialised form by the NSCCL (National
Securities Clearing Corporation Limited) has
increased.

10. • Risk Management
• The NSCCL has also incorporated
risk containment measures. A risk group, constituted
by the NSCCL (National Securities Clearing Corporation
Limited) identified additional areas of perceived risk
and intensifiedthe monitoring of members' position
having concentration in certain high-risk securities that
attract high volumes and volatility.
• Also a structured exercise of requiring unusually high
pay-in liability members to make advance pay-in of
funds has been put in place, in addition to offering
facility of early pay-in of securities in demat mode.

11. • Securities Lending/Borrowing
• The automated lending and borrowing mechanism of the
NSCCL (National Securities Clearing Corporation Limited)
provides a facility to lend/borrow securities/funds at
market-determined rates. This facilitates timely delivery of
securities and thereby improves the efficiency of the
system.
• Professional Clearing Membership
• The NSCCL (National Securities Clearing Corporation
Limited) started the Professional Clearing Membership and
the Stock Holding Clearing Corporation Ltd. has been
admitted as the first professional clearing member on CM
Segment.