{"id":9146,"date":"2023-04-19T05:09:14","date_gmt":"2023-04-18T23:39:14","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=9146"},"modified":"2025-03-29T11:32:28","modified_gmt":"2025-03-29T06:02:28","slug":"limited-purpose-clearing-corporation","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/limited-purpose-clearing-corporation\/","title":{"rendered":"Limited Purpose Clearing Corporation"},"content":{"rendered":"<h2><strong>About Limited Purpose Clearing Corporation:<\/strong>\u00a0<\/h2>\n<ul>\n<li>It is an entity established to undertake the activity of <strong>clearing and settlement of repo transactions.<\/strong><\/li>\n<li>The <strong>mechanism will be used<\/strong>\n<ul>\n<li>To settle <strong>disputes between clearing members<\/strong>;<\/li>\n<li>Contention between the clearing members and their clients<\/li>\n<li>Differences between <strong>the LPCC and its vendors<\/strong><\/li>\n<li>Disputes between clearing members or its clients and the LPCC.<\/li>\n<\/ul>\n<\/li>\n<li>The disputes arising between clearing members of the LPCC <strong>will be settled by conciliation <\/strong>and\/or by an <strong>arbitration panel<\/strong> consisting of three clearing members, other than the clearing members who are party to the dispute.<\/li>\n<li>The decision of the arbitration panel would be <strong>final and binding on the parties.<\/strong><\/li>\n<li>In case a clearing member or the LPCC is not satisfied then the disputes would be resolved under the procedure laid down in <strong>the Payment and Settlement Systems Act, 2007.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is Repo?<\/h3>\n<p>Repo is short for &#8220;repurchase agreement.&#8221; It is a financial transaction in which one party sells a security (usually a bond) to another party with a promise to repurchase it at a later date at an agreed-upon price.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.business-standard.com\/markets\/news\/market-regulator-sebi-comes-out-with-dispute-resolution-mechanism-for-lpcc-123041700837_1.html\" target=\"_blank\" rel=\"nofollow noopener\"><u>Market regulator Sebi comes out with dispute resolution mechanism for LPCC<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Limited Purpose Clearing Corporation undertakes the activity of clearing and settlement of repo transactions.<\/p>\n","protected":false},"author":5,"featured_media":9147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=9146"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/9147"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=9146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=9146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=9146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}