Synopsis
NSE Clearing Limited has retained the prestigious 'CRISIL AAA/Stable' credit rating for the 17th consecutive year, reflecting its strong financial position and robust risk management systems. The rating underscores its strategic importance to the National Stock Exchange of India.Key Takeaways
- NSE Clearing has secured 'CRISIL AAA/Stable' rating for 17 years.
- It highlights a strong financial position and debt repayment capability.
- Robust capital and risk management systems are in place.
- Important changes in expiry days for futures and options announced.
- Continued support from the parent company is crucial.
Mumbai, March 10 (NationPress) NSE Clearing Limited, a subsidiary of the National Stock Exchange of India (NSE), announced on Monday that it has once again secured the highest credit rating of ‘CRISIL AAA/Stable’ from the global brokerage, marking the 17th consecutive year of this achievement.
This rating underscores NSE Clearing’s strong financial standing and its capability to fulfill debt commitments with ease.
Crisil reaffirmed this rating due to NSE Clearing’s strategic significance to the NSE, emphasizing the robust backing it receives from its parent organization.
The rating agency also acknowledged the firm’s solid capital foundation and extensive risk management strategies, which are vital for ensuring market stability.
NSE Clearing Limited, formerly known as the National Securities Clearing Corporation Limited (NSCCL), is tasked with the clearing and settlement of transactions on the exchange.
Crisil highlighted that NSE Clearing has a well-established risk management framework that is continuously enhanced to avert any potential market disruptions.
The agency anticipates that NSE Clearing will sustain its strong market position, bolstered by its affiliation with the stock exchange.
The rating outlook remains “Stable”, suggesting that the company is projected to uphold its strong financial condition and risk management systems in the foreseeable future.
NSE Clearing is integral in ensuring secure and efficient clearing and settlement operations within the stock market.
It adheres to stringent criteria for member selection and employs a robust margining structure alongside risk-based position limits to mitigate risks and bolster market security.
In related news, the leading stock exchange revealed last week that the expiry days for the futures and options (F&O) of Bank Nifty, Fin Nifty, Nifty Midcap Select, and Nifty Next50 will transition to the last Monday of the expiry month.
As per an official NSE circular, these modifications will take effect from April 3. Currently, the expiry day is set on the last Thursday of the designated month.
“The expiry will be on the last Thursday of the expiry month. If that day is a trading holiday, the expiry will occur on the previous trading day,” the circular stated.
