Question
Consider the following statements:
Which of the statements given above is/are correct?
- Indian Clearing Corporation has been granted the status of Qualified Central Counterparty (QCCP) by RBI.
- QCCP status means to adheres to the principles for Financial Market Infrastructure.
Which of the statements given above is/are correct?
Answer: Option B
Answer: (b)
The Reserve Bank of India granted the status of Qualified Central Counterparty to Clearing Corporation of India Ltd. (CCIL).
QCCP status means that CCIL now adheres to the principles for Financial Market Infrastructure an international standard to handle counterparty risk on derivatives.
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Answer: (b)
The Reserve Bank of India granted the status of Qualified Central Counterparty to Clearing Corporation of India Ltd. (CCIL).
QCCP status means that CCIL now adheres to the principles for Financial Market Infrastructure an international standard to handle counterparty risk on derivatives.
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