The Clearing Bank framework supports efficient fund settlement, operational continuity and seamless post-trade processing across Spot and Futures markets.
Clearing Banks operate in accordance with applicable operational procedures and support settlement activities within the Exchange clearing infrastructure.
Objectives of the Clearing Bank Framework
• Support efficient settlement processing
• Enable timely movement of funds
• Strengthen operational resilience
• Facilitate settlement continuity
• Enhance participant experience
Role of Clearing Banks
Clearing Banks facilitate settlement-related banking services and support settlement flows arising from trading and clearing activities.Key responsibilities may include:
• Facilitation of fund pay-in and pay-out processes
• Support for settlement account operations
• Processing of settlement instructions
• Settlement fund transfers
• Support for settlement timelines and operational processing
• Coordination with clearing and settlement infrastructure
Support Across Spot and Futures Markets
Spot Market Settlement Support
For Spot Contracts, Clearing Banks support settlement of financial obligations arising from bullion transactions and periodic settlement cycles. Settlement support may include:
• Processing of settlement funds
• Support for T+0 settlement cycles
• Support for T+2 settlement obligations
• Facilitation of fund movement linked to settlement completion
Futures Market Settlement Support
For Futures Contracts, Clearing Banks support settlement of financial obligations arising from clearing and settlement activities. Settlement support may include:
• Margin-related fund processing
• Daily settlement support
• Final settlement processing
• Operational support for settlement completion
Settlement Integration
Clearing Banks operate as part of the broader IIBX clearing ecosystem and support coordination across:
• Trading
• Clearing
• Funds Settlement
• Final Settlement
• Contract Completion
This integrated framework supports operational efficiency and settlement certainty.
List of Clearing Banks
IIBX has empanelled Clearing Banks to facilitate settlement and banking operations across the Exchange ecosystem. The list of approved Clearing Banks along with contact details is made available separately for participant reference.
Participants may download the latest Clearing Bank directory below.
Becoming a Clearing Bank
Entities seeking participation as Clearing Banks may refer to applicable eligibility requirements, onboarding procedures and operational guidelines prescribed by IIBX.