“Collateralized Borrowing and Lending Obligation (CBLO)”, as the name implies facilitates in a collateralized environment, borrowing and lending of funds to market participants who are admitted as members in CBLO Segment.
CBLO is conceived and developed by CCIL CBLO Dealing system, an anonymous order matching platform, is hosted and maintained by Clearcorp Dealing Systems (India) Ltd, a fully owned subsidiary of CCIL.
CCIL becomes Central Counterparty to all CBLO trades and guarantees settlement of CBLO trades. The borrowing and / or lending in CBLO is facilitated for a maximum tenor of one year. CBLO is traded on Yield Time priority.
The Funds settlement of members in CBLO segment is achieved in the books of RBI for members who maintain an RBI Current Account and are allowed to operate that current account for settlement of their secondary market transactions. In respect of other members, CBLO Funds settlement is achieved in the books of Settlement Bank.