RBI proposes forex platform for retail participants | Zee ... Oct 12, 2017 Forex trading platform for retail participants ready for ... Jun 20, 2019 FX Clear Retail - Standard Chartered A. FX Clear Retail platform has been developed by Clearcorp Dealing Systems (India) Ltd. (“Clearcorp”) - a wholly owned subsidiary of CCIL. The objective of the platform is to provide an electronic platform for the retail customers where orders can Reserve Bank of India - Reports
The FX-Retail platform provides for an anonymous and order driven dealing in the USD/INR currency pair for the Customers of banks. The Customers can access the platform through the Internet and place buy/sell orders as per their requirement. 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. FX-SWAP The Clearing Corporation of India Ltd (CCIL) is set to launch a centralised electronic forex trading platform— FX-Retail— for individual and small and medium enterprise customers. Overseas-bound students and travellers as also those looking to remit money will be able to make use of the facility, which will become operational from 5 August.
agreed with CCIL pertaining to the FX-Retail Platform, the terms of this document shall prevail. The terms and conditions mentioned in this document supplement and shall be read along with (1) T&C for Net Banking Service (2) T&C for Corporate Internet Banking (3) T&C for Trade and The circular on operational guidelines for the platform shall be issued by June-end, it added. The central bank said that the platform had been developed by the Clearing Corporation of India (CCIL The Reserve Bank of India (RBI) on Thursday said the currency trading platform for retail trading is ready for roll-out by the Clearing Corporation of India (CCIL) on August 5 to enable transparent and fair pricing for retail users, such as individuals and micro, small and medium enterprises. FX-Retail, other electronic trading platforms and other channels) and the fees charged by them as per the format given in the . annexure. 6. Detailed guidelines regarding the operation of the platform, including the process of customer registration, shall be issued by CCIL. Customers can obtain further the details about the platform on the CCIL In earlier article "Forex Trading Platform - FX-Retail" we discussed about basic features of the FX-Retail platform. This article further dives into the terms and conditions applicable while dealing on FX-Retail. Definitions. Relationship Bank: FX-CLEAR member with whom the Customer holds an account relationship and is entitled to approve the registration of the Customer for providing IFSC banking units will report all over-the-counter (OTC) foreign exchange, interest rate and credit derivative transactions undertaken by them to CCIL's reporting platform from June 1, the Reserve Bank has said. The Reserve Bank has mandated that all OTC foreign exchange, interest rate and credit derivative transactions, both inter-bank and client, will be reported to CCIL's trade reporting The platform, FX-Retail, is expected to pave the way for better pricing for forex transactions, although a few issues need to be ironed out. The c urrent framework The Reserve Bank of India (RBI) allows any person to act as an authorised dealer (AD) for the purpose of dealing in foreign exchange, under Section 10(1) of the Foreign Exchange
FX-Retail Platform: Terms and Conditions | Buyer's Credit ... Jul 16, 2019 RBI says forex retail trading platform ready for rollout ... Jun 20, 2019 CCIL to roll out foreign exchange trading platform (FX ... Jun 20, 2019
tickerPrice.retailSpot | number:4 | split:'.':'1'}} {{tickerPrice.retailSpotDifference | split:'.':'0'}}. {{tickerPrice.retailSpotDifference | number:4 | split:'.':'1 The Clearing Corporation of India Ltd (CCIL) is set to launch a centralised electronic forex trading platform— FX-Retail— for individual and small and medium enterprise customers. Overseas-bound students and travellers as also those looking to remit money will be able to make use of the facility, which will become operational from 5 August. Introduced by the Reserve Bank of India and developed by the Clearing Corporation of India Ltd. (CCIL), FX-Retail is an electronic trading platform for retail banking customers to buy and sell foreign exchange. This platform has been launched on August 05, 2019 and is available at https://www.fxretail.co.in. The Bank’s account holders can The platform, FX-Retail, is ready for rollout by the Clearing Corporation of India Limited (CCIL) on August 05, 2019. 2. The issue of transparent and fair pricing for retail users (individuals and Micro, Small and Medium Enterprises) in the foreign exchange market has been raised in various fora and in public interactions. For more information, visit the Clearing Corporation of India Ltd. (CCIL) website, www.ccilindia.com The FX-Retail Platform is owned and operated by Clearcorp Dealing Systems (India) Limited. Back to top The Reserve Bank of India (RBI) on Thursday said the currency trading platform for retail trading is ready for roll-out by the Clearing Corporation of India (CCIL) on August 5 to enable transparent and fair pricing for retail users, such as individuals and micro, small and medium enterprises.