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Who certified Metropolitan Clearing Corporation of India Ltd (MCCIL) as qualified central counterparty (CCP) ?
  • a)
    International Financial Reporting Standards (IFRS)
  • b)
    European Securities & Markets Authority (ESMA)
  • c)
    International Accounting Standards Board (IASB)
  • d)
    Standard Interpretation Committee (SIC)
  • e)
    International Accounting Standards (IASs)
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Who certified Metropolitan Clearing Corporation of India Ltd (MCCIL) a...
Answer 2. European Securities & Markets Authority (ESMA)
Explanation European Securities & Markets Authority (ESMA) has certified Metropolitan Clearing Corporation of India Ltd. (MCCIL), the clearing arm of Metropolitan Stock Exchange of India (MSE) as qualified central counterparty (CCP).
A central counterparty (CCP) is a corporate entity which guarantees the terms of a trade even if a buyer or seller defaults on the agreement.
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Who certified Metropolitan Clearing Corporation of India Ltd (MCCIL) as qualified central counterparty (CCP) ?a)International Financial Reporting Standards (IFRS)b)European Securities & Markets Authority (ESMA)c)International Accounting Standards Board (IASB)d)Standard Interpretation Committee (SIC)e)International Accounting Standards (IASs)Correct answer is option 'B'. Can you explain this answer?
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