The Clearing Corporation of India Ltd., (CCIL) on January 13, 2025, issued a notification regarding the Clearing of Forward Trades up to 36 months - Changes to Forex Forward Segment Regulations.
Effective February 12, 2025, the clearing of forward trades in the Forex Forward Segment is extended to cover trades maturing up to 36 months, replacing the earlier 13-month maturity period. Forward trades reported by members or clearing members on behalf of constituents, with a matched status and residual maturity of up to 36 months, will now qualify for guaranteed settlement. Trades exceeding 36 months in maturity will be eligible for guaranteed settlement once their residual maturity falls within the 36-month bucket. Corresponding amendments have been made to Clause A of Chapter IV of the Forex Forward Regulations, which are available on CCIL's website. This notification supersedes the previous notification dated October 3, 2024.
[Notification No. CCIL/FX-FF/25/02]
