Description
UCO Bank has been empaneled as a designated Clearing Bank of ICCL for settlement of funds obligation of members in various segments.
Summary
Indian Clearing Corporation Ltd. (ICCL) has empaneled UCO Bank as a designated Clearing Bank for settlement of funds obligations of members across various segments. This adds UCO Bank to the list of available clearing banks that members can use for their settlement activities.
Key Points
- UCO Bank empaneled as designated Clearing Bank of ICCL
- Available for settlement of funds obligation across various ICCL segments
- Registered and Corporate Office located at 2nd Floor, 10 BTM Sarani, Kolkata - 700001
- Nodal Branch: UCO Bank, Mid Corporate D N Road Branch, Mumbai - 400001
- Complete list of ICCL empaneled Clearing Banks available at https://www.icclindia.com/Static/membership/List_of_Clearing_Banks.aspx
Regulatory Changes
No regulatory changes. This is an operational update expanding the choice of clearing banks available to ICCL members.
Compliance Requirements
No new compliance requirements. Members may choose to use UCO Bank as their clearing bank for funds settlement if desired.
Important Dates
- Notice Date: December 24, 2025
- Effective immediately upon empanelment
Contact Details
Resources Department:
- Shri Sourabh Singh, DGM: ho.resources@uco.bank.in, Tel: 9198321786
- Shri Subhankar Karmakar, Chief Manager: ho.resources@uco.bank.in, Tel: 9382063629
Nodal Branch:
- Shri Shamik Acharjee, Asst. General Manager: mumbai@uco.bank.in, Tel: 7045013323
Impact Assessment
Minimal market impact. This circular provides members with an additional clearing bank option for their settlement operations, increasing flexibility and choice in banking relationships. No operational disruption or mandatory changes required for existing members.
Impact Justification
Administrative update regarding addition of a new clearing bank option for members. Does not affect trading operations or impose new compliance requirements.