Committee Clearing Corporation

The Securities and Exchange Board of India (hereinafter referred as 'SEBI') constituted a Committee, under the Chairmanship of Shri. K V Kamath, to examine the viability of introducing a single clearing corporation (CC) or interoperability between different CCs, as well as issues pertaining to investments, calculation of liquid assets in Net worth of recognised CC and Transfer of Profits by recognised SEs to the fund of recognized CC's. A clearing corporation is An organization associated with an exchange to handle the confirmation, settlement and delivery of transactions, fulfilling the main obligation of ensuring transactions are made in a prompt and efficient manner. They are also referred to as "clearing firms" or "clearing houses". Based on the decision of the Board taken at its meeting held on August 24, 2015, public comments were sought on the Report of the Committee on Clearing Corporations. The Board on consideration of the recommendations of the Committee and