Astroid - ClearCorp
ASTROID
Introduction
CCIL, through the Rupee Derivatives Dealing Segment of its subsidiary, Clearcorp Dealing Systems (India) Limited (Clearcorp), had introduced ASTROID (The Anonymous System for Trading in Rupee OTC Interest Rate Derivatives) on August 3, 2015. ASTROID facilitates trading of Rupee derivative trades referenced to the MIBOR (O/N) benchmark. From March 17, 2025 onwards, IRS trading based on the MMFOR benchmark has also been made available on ASTROID. All trades executed on ASTROID are eligible for CCIL’s Clearing and Settlement services, in compliance with the Bye-laws, Rules, and Regulations of the Rupee Derivatives Guaranteed Settlement Segment.
Membership:
- All Scheduled Commercial Banks (excluding Local Area Banks & Regional Rural Banks),
Features
- Features:
1. SCREENS AVAILABLE ON ASTROID:Three different screens are available on the Homepage of ASTROID platform:
a) MIBOR- Normal Market Watch
b) MIBOR- Spread Market Watch
c) MMFOR- Normal Market Watch
Benefits
a. Straight through Processing: The trade flows from the ASTROID Dealing System seamlessly to CCIL for Clearing and Settlement and there is no separate reporting required.
b. CCP Cleared: All trades done on the platform are CCP Cleared (Central Counter-party i.e CCIL).
c. Anonymity: Participants can trade on the platform without revealing their identity to the counter party.
d. Transparency: The real-time dissemination of data on rates provides transparency to the market.
e. Guaranteed Settlement: Trades done in the platform are guaranteed by CCIL.
f. Operational Efficiency: Trading on the platform reduces operational risk.
Reports
The following reports are available on the ASTROID Trading Platform:
i. (MIBOR & MMFOR Instruments) Market Movement Report - (.pdf format)
ii. (MIBOR & MMFOR Instruments) Market Inquiry Report – (.pdf format)
iii. (MIBOR & MMFOR Instruments) Trade Report - Instrument wise - (.pdf format)
iv. (MIBOR & MMFOR Instruments) Trade Report - Instrument wise - (.csv format)
v. (MIBOR, MIBOR-Spread & MMFOR Instruments) Activity Log Report - (.csv format)
