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), Standalone Primary Dealers, Mutual Funds, Insurance Companies, Pension Funds, and All India Financial Institutions (AIFIs) that are members of CCIL’s Rupee Derivatives Guaranteed Settlement Segment for Overnight Index Swap (OIS) trades referenced to MIBOR benchmark, and Banks and Primary Dealers for IRS trades referenced to MMFOR benchmark, and having the necessary approvals from their respective sectoral regulators are eligible to obtain membership and trade on the platform, subject to the completion of documentation formalities


• Retail participants, including Corporates, Foreign Portfolio Investors (FPIs), and Foreign Institutional Investors (FIIs), eligible to trade in Rupee Interest Rate Derivatives, can access the platform as Constituents through the Clearing Member Model offered by Clearcorp.


• Trading activities on the ASTROID platform are governed by the Bye-laws, Rules, and Regulations of Clearcorp, along with the regulatory framework of the Rupee Derivatives Dealing Segment.