1.

Write the functions of clearing bank?

Answer»

Functions of Clearing Banks: 

The clearing banks are required to provide the following services as a single window to all clearing members of National Securities Clearing Corporation Ltd. 

as also to the clearing corporation: 

a) Branch network in cities that cover bulk of the trading cum clearing members 

b) High level automation including Real time gross settlement (RTGS)8 and electronic funds transfer (EFT) facilities



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