The settlement process is governed by the Byelaws, Rules and Regulations of ICCL and other Circulars / Notifications / communication issued by ICCL from time to time.

Institutional investors can settle their trades through Custodian Members of ICCL. For this purpose, the Clearing members need to give-up the trades to the Custodian Members for confirmation within such time and through such facility as may be provided by ICCL. In case of trades which have not been confirmed by the Custodian member, the same shall form a part of the obligations of the Clearing Member.