The CCIL will also act as a central counter party for settlement of forex transactions. This is expected to be put in place within the next six months.
On the technology side, as part of NDS-PDO computerisation project, Negotiated Dealing System which provides for screen based electronic dealing system for trading in Government Securities and money market instruments including repos and electronic bidding in the primary auction of Central and State  BIS Review 16/2002  13  Government Securities/Treasury Bills has also commenced its operations since February 15, 2002.