Clearing: Professional Clearing Member Services (PCM) (Derivatives Clearing)
Currently exchanges in the GIFT IFSC offer trading in index Futures & Options, Stock Futures & Options and Currency & Commodity Derivatives. ICICI Bank IBU GIFT City is a registered PCM to facilitate clearing of Derivative Trades in all segments in the GIFT IFSC.
Service offerings include:
Application for trading codes to stock exchanges
Calculation and monitoring of margins
Clearing of trades
ICICI Bank is registered with Securities Exchange Board of India (SEBI) as a Custodian