Business
NSE Clearing Limited (National Clearing) formerly known as National Securities Clearing Corporation Limited (NSCCL), a wholly owned subsidiary of NSE, was incorporated in August 1995. It was the first clearing corporation to be established in the country and also the first clearing corporation in the country to introduce settlement guarantee. NSE Clearing has been recognized as QCCP by SEBI, Third Country CCP (TC-CCP) by European Securities Market Authority, and as TC-CPP by Temporary Recognition Regime of the UK.
NSE Clearing Limited (NSE Clearing), has received reaffirmation of its corporate credit rating of 'CCR AAA/Stable' from CRISIL. 'CCR AAA/Stable' rating indicates the highest degree of strength with regard to honouring debt obligations.
The NCL has been granted renewal of recognition from SEBI and the same is valid till October 02, 2026.