About ARCL:

AMC Repo Clearing Limited (ARCL) was incorporated in April 2021. SEBI has granted recognition to AMC Repo Clearing Limited under Stock Exchanges and Clearing Corporations (SECC) Regulations, 2018. RBI has accorded approval to AMC Repo Clearing Limited to act as a tri-party repo agent and to offer tri-party repo in corporate debt securities. ARCL has been granted Certificate of Authorization by RBI under Payment and Settlement Systems (PSS) Act, 2007 to offer CCP services for repo transactions in corporate debt securities. ARCL is a Central Counter Party (CCP) offering clearing and settlement services to all trades executed on NSE and BSE under triparty repo in corporate debt securities with robust risk management along with guarantee mechanism.

Vision & Mission:

Vision
To support an active and robust corporate debt securities market

Mission
To be the only clearing corporation for clearing & settlement of tri-party repo in corporate debt securities in India

Objectives

• To facilitate, set up and carry on the business of clearing and settlement of repo transactions with settlement guarantee in corporate debt securities.
• To ensure clearing & settlement with settlement guarantee in corporate debt securities.
• To act as a Tri-party Repo agent between the two parties to the repo transactions and to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction.
• To support and develop market in credit risk products.

Shareholders:

Shareholders of ARCL

Conditions for holding Shares in ARCL

Fit and proper criteria

Board of Directors:
 

Sr. No.	Name & Company	Designation
1	Mr. Srinivasan Varadarajan Ex Chairman of Union Bank of India Ex Deputy Managing Director of Axis Bank	Chairman & Public Interest Director
2	Mr. K Vaidya Nathan Resident faculty at the Indian School of Business, Mohali	Public Interest Director
3	Ms. Huzan Mistry Former Consultant, National Stock Exchange, Mumbai	Public Interest Director
4	Mr. Sumeet Kumar Chief General Manager, Finance - PFC	Nominee Director
5	Mr. Kashinath Katakdhond	Managing Director

Management Team:
 

Sr. No.	Name	Designation
1	Mr. Kashinath Katakdhond	Managing Director
2	Ms. Hetal Chauhan	Chief Financial Officer
3	Mr. Amit Bodas	Assistant Vice President - Risk
4	Mr. Ajit Phanse	Chief Regulatory & Compliance Officer
5	Ms. Shweta Bhatt	Head – Operations
6	Mr. Vijendra Gujar	Chief Information Security Officer
7	Mr. Deepak Upadhyay	Chief Risk Officer
8	Mr. Narayanan Iyer	Chief Operating Officer and Company Secretary