"""clearing house"" means a person whose activities or objects include the provision of services for the clearing and settlement of transactions in securities effected on, or subject to the rules of, the Unified Exchange; "
Do we need to focus on prescribing and instituting appropriate clearing and settlement practices even for OTC products?
When contracts are traded on an exchange , clearing and settlement, for example, may have less uncertainty associated with them.
This matches international best practice in providing efficient robust and risk-free clearing and settlement facilities for debt securities.
