FX Clear - clearcorp
platforms
FX Clear
Introduction
FX-CLEAR, a forex dealing system, which was launched by Clearcorp on August 7, 2003, offers two modes of dealing i.e. Order Matching mode and Negotiation mode.
The platform provides for trading in the following instruments:
a. SPOT (Interbank SPOT, Reference rate SPOT, Customer SPOT)
b. Short tenor Swaps viz Cash/Tom, Cash/Spot, Tom/Spot
c. Long tenor swaps (Spot over 12 months)
d. LD/LD (Month 1 end over Month 2 end)
e. Outright forward (Month 1 end and Month 2 end)
f. Rolling Month Swaps (Spot over 1st, 2nd, 3rd, 6th, 9th and 12th month)
g. Quarter-end-over Quarter-Start.
The platform offers guaranteed settlement from the point of trade for all the trades concluded on the Order Matching Mode of the platform, wherein these trades are automatically sent to Clearing Corporation. Accordingly, Clearing Corporation (CCIL) is the Counterparty for these Trades.
Features
Reducing the cost of forex transactions in India by providing cost-efficient trading terminals. A minimal charge of Rs.20 per USD million is levied for the Interbank
Order Matching Mode: The order matching mode of FX-CLEAR platform provides a neutral, anonymous and order driven dealing
Negotiation Mode: The Negotiation mode facilitates the dealer to chat with other members’ dealers for the purpose of arriving at
Benefits
- Cost efficient platform for Inter-bank forex dealings
- Level playing field for all members as they can trade freely without setting bilateral limits
- CCP guarantee of settlement from point of trade on the platform
Support
Support Activities consists of Opeational Guide and System Prerequisites. To know More about Please click on the below read more button.
