FX Retail - ClearCorp
FX Retail
Introduction
FX-Retail platform provides for an order driven dealing in the USD/INR currency pair for the Customers of banks. The Customers can access the platform through the Internet to place buy/sell orders in the USD/INR currency pair as per their requirement. The customers 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 and Option period (not exceeding a period of 30 days). The FX-CLEAR Inter-bank Spot rates are also available on the platform for viewing purposes.
Please click here for brief writeup on Fx-Retail.
Features
- Simple online Registration process
- Electronic trading platform for Customers to book Forex rates
- Cash, Tom, Spot and Forward (upto 13 months) booking in USD/INR currency pair available
- Transact with multiple Relationship banks
To know more about API mode Click here
Benefits
- Real time view of Interbank Forex market
- Offers complete Transparency of Bank margins
- Scope for better pricing and overall reduction in forex conversion costs
Contract Cancellation: Customers can cancel the Forward contracts on the platform till the maturity date of the contract.
Rollover of outstanding Forward contracts: Customers can rollover (cancel and rebook) the outstanding Forward contract booked on the platform to a later maturity/settlement date.
Early Delivery of outstanding Forward contracts: Customers can early deliver an outstanding Forward contract booked on the platform to an earlier maturity/settlement date.
Settlement: The customer deal will be settled bilaterally between the bank and its customer.
Contact Us
FX- Retail Support
Phone : 18002662109 (Toll free Number) / +91 22 61546313
MONDAY - FRIDAY (8:00 AM to 7:30 PM)
E-Mail : supportfxretail@ccilindia.co.in
*Please note support timing is aligned in accordance with the session time of platform.
Registration Process
The Customers are required to get registered for availing access to the FX-Retail platform. At the time of registration, the customers are required to fill an online application form providing the details of profile and Relationship Bank. On successful registration, the customer’s details are forwarded to the Relationship bank provided at the time of registration for verification and approval. On approval by Bank, the customer is provided with the user credentials on email which includes a login id and password.
| To know more about registration process | Click here |
| To know about Customer Categories | Click here |
| To know more about Writeup on FX-RETAIL Platform | Click here |
| To View FX Retail Brochure | Click here |
| To View FX- Retail Virtual Demo | Click here |
Bharat Connect
FX-Retail: FX-Retail Platform, operated by Clearcorp Dealing Systems (India) Limited, a subsidiary of CCIL, was launched in August 2019 to offer a web-based platform for the Customers of banks. All Customers including Individuals, Sole Proprietors, Partnership Firms, Corporates, Small and Medium Enterprises (SMEs) etc can access the platform to book orders to BUY or SELL US Dollars as per requirement. The platform allows customer to 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 up to a period of 13 months.
Bharat Connect: Bharat Connect, operated by NPCI Bharat Bill Pay Limited (NBBL), a subsidiary of NPCI, facilitates Customers to make payments via physical payment collection outlets (bank branches, agent collection stores etc) and digital channels (apps, websites etc) across India.
FX-Retail has been integrated with Bharat Connect to enable Customer to on-board and execute transactions on the FX-Retail through the Bharat Connect enabled channels/apps also. In the Initial phase, the facility shall be made available to the customers belonging to Individual(resident) category for buying USD dollar against the Indian Rupee for Cash instrument for same day settlement.
| To know more about Integration of FX-Retail with Bharat Connect | Click here |
Policies and Documents
Policies and Document covers various policies, terms and conditions of Customers and Bank.
FX- Retail Mock
Please Click here to login to FX -Retail Platform.