Since their origins in the 19th century, Clearing Corporations, which are the most essential part for smooth functioning of the capital market system, have evolved significantly. In the world’s most advanced markets, interoperability of Clearing Corporations has become a norm and its benefits to market participants have been well established.
A detailed assessment on the adoption and subsequent benefits of interoperability of clearing corporations in global markets has also led us to believe that the time is ripe for the Indian Capital Market to also consider introducing interoperability.
Source: Today Deals