Banks: Banks, CCIL in talks to build 3rd-party clearing process, unlock trade
"Banks and CCIL are in talks for the third-party clearing mechanism. In its securities settlement segment, the CCIL permitted certain members to become clearing members in 2020," a source aware of the developments told ET. "Clearing members can take on the European banks as clients and trades can be carried out."
Societe Generale Credit Agricole Deutsche Bank Clearing Corporation Of India Clearing Corporation Member Structure
Source: indiatimes.com