BSE Changes Name of Wholly-Owned Subsidiary to BSE Clearing
Indian stock exchange BSE (NSE:BSE) has changed the name of its wholly owned subsidiary to BSE Clearing from Indian Clearing Corporation, according to a Tuesday filing to the Indian stock exchanges.BSE Clearing acts as the central counterparty for all trades executed on the BSE. It settles trades, manages collateral, and mitigates default risk for equities, derivatives, and mutual fund segments.