Multi-Commodity Exchange Clearing Corporation (MCXCCL), a wholly owned subsidiary of MCX, will commence operations from September 3, thus becoming the first clearing corporation in the commodity derivatives market in the country.
MCXCCL will provide secure counterparty risk management and post-trade services that would help mitigate risks. It will be the central counterparty for all trades executed on the MCX platform, the exchange said today.
***************** Max Life-Axis bancassurance partnership crosses Rs 10k-cr biz *
***************** M&M rolls out 1 lakh units of Jeeto mini trucks *
***************** Mumbai airport inducts advanced pax evacuation vehicle *
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