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Introduction

Metropolitan Clearing Corporation of India Ltd. (MCCIL), was jointly promoted by Metropolitan Stock Exchange of India Ltd. (MSEI), Multi-Commodity Exchange of India Limited (MCX) and Financial Technologies India Limited (FTIL), as a new age Clearing Corporation constituted to undertake clearing and settlement of deals in multi asset classes. The company offers best-in-class services to its clearing members with the help of its state of the art risk management framework and unparalleled clearing and settlement systems with dedicated linkages with clearing partners.

The company was incorporated on November 7, 2008 and was permitted by SEBI to undertake clearing and settlement functions of trades done in MSEI on January 2, 2009. The company commenced its operations on February 16, 2009.

MCCIL has adopted various best practices in the industry to make sure transactions are managed efficiently and completed seamlessly, which includes capital adequacy norms for membership, dedicated settlement guarantee fund, globally accepted systems for margining, online monitoring of member positions based on prudential position limit norms, automatic trading restriction on breach of prudential limits, multilateral netting for obligation computation and periodic back testing of margins.

Investors beware. Do not trade on the basis of SMS tips.......... Issued in the interest of Investors”
Attention Investor..!! To prevent Unauthorized Transactions in your demat account…..Please update your Mobile Number in your Demat Account. Receive SMS alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors.
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary"
ASBA has been made mandatory payment mechanism for all categories of investors for all upcoming public issues…..issued in the interest of investors.