January 10, 2014

Press Release No. 1

NSCCL Rated “CCR AAA” for Sixth consecutive year

For sixth consecutive, year CRISIL has assigned its highest corporate credit rating of ‘CCR AAA’ to the National Securities Clearing Corporation Ltd (NSCCL). 'CCR AAA' rating indicates the highest degree of strength with regard to honouring debt obligations. As per CRISIL, the rating reflects NSCCL’s status as Clearing Corporation for NSE. The rating also factors in NSCCL’s rigorous risk management controls and adequate settlement guarantee cover.

CRISIL has further stated that NSCCL’s risk management system is comprehensive and is regularly upgraded to pre-empt market failures. The company addresses risks in clearing and settlement with its stringent norms for selection of members, robust margining system, and risk-based position limits and surveillance mechanism.