It provides an institutional structure for the clearing and settlement of transactions undertaken in Government securities, money market instruments and foreign exchange products. In October 2007, CCIL has become a member of the CCP 12, an international organisation of the central counterparty clearing organisations. Apart from this, there are also systems in place for reporting trades in corporate bonds for ensuring greater transparency.
Over recent months, the economic data for a number of countries have been better than expected and it is possible that this could continue. On the other hand, it is also possible that financial events in the advanced economies could again derail the global economy, and growth in Asia could disappoint.