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The Future of Banking-andhrabank-nov4-04.pdf - IDRBT

The Future of Banking-andhrabank-nov4-04.pdf - IDRBT

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RBI Initiatives in Payment<br />

and Settlement Systems (3)<br />

<strong>The</strong> Securities Settlement System<br />

• Providing centralized depository and<br />

settlement services<br />

• Seamlessly integrated with the NDS and<br />

RTGS Systems<br />

<strong>The</strong> Clearing Corporation <strong>of</strong> India<br />

• Secured netting services with central<br />

counterparty arrangements<br />

• G-Sec and Forex segments<br />

• Elimination <strong>of</strong> settlement risks with liquidity<br />

saving elements<br />

INSTITUTE FOR DEVELOPMENT AND<br />

RESEARCH IN BANKING TECHNOLOGY<br />

November 4, 2004<br />

Vepa Kamesam, Chairman <strong>IDRBT</strong>

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