What is a Clearing Corporation?

A clearing corporation, also known as a clearing house or clearing firm, is associated with a stock exchange and is responsible for the confirmation, delivery, and settlement of transactions in the stock market.

This process is handled by the National Securities Clearing Corporation Limited (NSCCL), a non-profit organization set up by the Securities and Exchange Board of India (SEBI) in 1995. NSCCL's job is to make sure everything goes smoothly when shares are bought and sold.

Here’s the list of Clearing Corporation