Interoperability of Clearing Corporations operationalized

SEBI has laid down the broad guidelines for operationalizing the interoperable framework among Clearing Corporations, which were required to be adhered to and operationalized by stock exchanges and Clearing Corporations by June 1, 2019. Subsequently, Operating Guidelines for interoperability were jointly issued by NSE Clearing Ltd, Indian Clearing Corporation Ltd. and Metropolitan Clearing Corporation of India Ltd. on April 15, 2019.All Stock Exchanges and all Clearing Corporations have put in place the required infrastructure for operationalizing interoperability as announced earlier and are set to operate in an interoperable manner with effect from June 3, 2019 (June 1 and June 2 being trading holidays).