NSCCL carries out the clearing and settlement of the trades executed in the equities and derivatives segments of the NSE. It operates a well-defined settlement cycle and there are no deviations or deferments from this cycle. It aggregates trades over a trading period, nets the positions to determine the liabilities of members and ensures movement of funds and securities to meet respective liabilities.

NSCCL has empanelled 13 clearing banks to provide banking services to trading members and has established connectivity with both the depositories for electronic settlement of securities.

It also undertakes settlement of transactions on other stock exchanges like, the Over the Counter Exchange of India.