BSE Limited has informed the exchanges that its wholly owned subsidiary, Indian Clearing Corporation Limited, has been renamed to BSE Clearing Limited. The name change was communicated through a regulatory filing on June 9, 2026.
The disclosure was submitted under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Indian Clearing Corporation Limited was originally incorporated as the clearing and settlement arm of BSE Limited and is a wholly owned subsidiary of the exchange.
BSE Clearing Limited functions as the central counterparty for trades executed on BSE. The entity handles clearing and settlement of transactions across multiple segments including equity, equity derivatives, currency derivatives, commodity derivatives, and debt securities. It assumes counterparty risk and guarantees the settlement of all trades cleared through its systems.
The name change brings the clearing corporation's branding in line with its parent entity, BSE Limited. The new name BSE Clearing Limited is effective immediately. All contracts, agreements, and obligations of the subsidiary remain valid and continue without interruption following the name change.
The regulatory filing was signed by Vishal Bhat, Company Secretary and Compliance Officer of BSE Limited. The information regarding the name change has been made available on BSE Limited's website for public reference.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.