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CCIL gets QCCP status 

January 3, 2014
Anup Roy, Live Mint

CCIL now adheres to the Principles for Financial Market Infrastructure

QCCP status means that CCIL now adheres to the Principles for Financial Market Infrastructure (PFMIs)—an international standard to handle counterparty risk on derivatives. The standards were issued in April 2012 and all G-20 nations were to try to adhere to these strict standards to check derivative-related risks in the financial system.

This also entails banks and other financial institutions bringing down their capital costs and providing lower margins while dealing in financial derivatives products.
 
Read more: Live Mint
 
 
 
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