Current Affairs · Financial Institutions and Regulations
In the context of the regulatory framework for financial derivatives in India, which of the following best describes the institutional role of the Clearing Corporation of India Ltd Trade Repository (CCIL-TR)?
- 1It serves as the designated Trade Repository responsible for managing the reporting mechanism of eligible OTC derivative products, including rupee interest rate and credit derivatives.✓
- 2It functions as the central authority for issuing Unique Transaction Identifiers for retail banking transactions.
- 3It is a specialized department within SEBI established to monitor NAV reporting of AIFs.
- 4It acts as the primary clearing house for the NCDEX to facilitate commodity and equity trading.
Correct answer
It serves as the designated Trade Repository responsible for managing the reporting mechanism of eligible OTC derivative products, including rupee interest rate and credit derivatives.
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