| Clearing and settlement operations of NSE are carried out by : |
NSDL CDSL NSE Clearing Ltd (formerly NSCCL) NSE itself |
| NSE Clearing Ltd (formerly NSCCL) |
| NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited), a wholly owned subsidiary of NSE is responsible for clearing and settlement of all trades executed on NSE and deposit and collateral management and risk management functions. |