Middlemen in the Market

NSE Clearing Limited and Indian Clearing Corporation (ICCL)

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Mar 23 2024

Table of Contents : Middlemen in the Market

1. Market middlemen or market intermediaries or financial intermediaries

2. The Stock Broker (gateway to the stock markets)

3. Broker services (the essential services provided by the broker)

4. Depository and Depository Participants (DEMAT,NSDL,CDSL)

5. Banks(important part of the market environment)

6. NSE Clearing Limited and Indian Clearing Corporation (ICCL)

Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) own NSE Clearing Limited and Indian Clearing Corporation (ICCL).The clearing corporation's job is to make sure that your deals and transactions are settled safely.

The clearing corporation's job is to make sure these things happen:

Ensure no defaults
Find the buyer and seller and match the debit and credit processes.

A lot of rules also apply to these organisations, and they work to make settlement and clearing go smoothly.Clearing companies are also a part of the margining process, which is very important when buying complex instruments like options and futures.