NICCLNorthern Indiana Computer Consortium for Libraries
NICCLNational Incident Communications Conference Line
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IFSC Clearing Corporation Limited (NICCL), a wholly owned subsidiary of NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited) has been granted recognition by European Securities & Markets Authority (ESMA) as a "third- country CCP" under European Market Infrastructure Regulation (EMIR).
Based on the ESMA recognition, entities in the European Union shall be able to consider NICCL as "Qualified CCP" under the Basel III rules.
Its economic footprint shall grow significantly and recognition to NICCL as Third-Country CCP by ESMA will further boost the confidence of Investors in GIFT IFSC"