FX-Retail Platform by The Clearing Corporation of India Ltd

An electronic trading platform for buying or selling foreign exchange by retail customers of Banks

A trading platform is expected to provide transparency and at the same time enhance competition and lead to better pricing for the customers. In this connection, FX-Retail has been rolled out by the Clearing Corporation of India Limited (CCIL) as per the RBI vide circular dated 20/06/2019.

The FX-Retail platform provides for an anonymous and order driven dealing in the USD/INR currency pair. You can access the platform through the Internet to place buy/sell orders in the USD/INR currency pair as per your requirement. The FX-CLEAR Inter-bank Spot rates are also available on the platform for view purpose. You are required to get registered for availing access to the FX-Retail platform.

You can book contracts in:

• CASH (Same day currency settlement),
• TOM (Next day currency settlement),
• SPOT (Trade +2 days currency settlement) and
• FORWARD (Beyond SPOT currency settlement) instruments upto a period of 13 months including broken dates also.

There is no cap on the number of transactions per customer during a day. The total amount of transactions of a customer shall be subject to the limit assigned by its bank.

The size of a single transaction is not allowed to exceed $5 million.

Customers may contact their home branch to ascertain details of Bank’s charges. Customers while registering on CCIL’s FX-Retail platform may note to mention Doha Bank QPSC as the Relationship Bank. Customers are requested to contact their Home Branch for submission of requisite documents for on-boarding & limits set up. For further details may write to indiahelpdesk@dohabank.bank.in.

The FX-Retail platform can be accessed through the website https://www.fxretail.co.in and can obtain further details about the platform on the CCIL website (https://www.ccilindia.com)