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National Securities Clearing Corporation Limited (NSCCL) is the Clearing and Settlement agency for all deals executed on the Derivatives (Futures and Options) segment. A CM of NSCCL has the responsibility of Clearing and Settlement of all deals executed by Trading Members (TM) on NSE, who clear and settle such deals through them. NSCCL acts as legal counter-party to all deals on NSE's F&O segment and guarantees settlement.
National Securities Clearing Corporation Limited (NSCCL) is the Clearing and Settlement agency for all deals executed on the Derivatives (Futures and Options) segment. A CM of NSCCL has the …