The second method involves multilateral netting; and led to the formation of the National Securities Clearing Corporation (NSCC) in 1976. In 2010, Robert Druskin was named Executive Chairman of the company, and in July 2012 Michael Bodson was named President and Chief Executive Officer.
100 crores is a billion and 1 lakh crore is a trillion so you can use that for quick calculations. I donât have this in Excel and wonât have the time to convert it in Excel either, unless someone else wants to do itâ¦.Sorry. Reply.
The terms lakh (100,000 â that is to say 1,00,000 in the Indian system) and crore (10,000,000 â that is to say 1,00,00,000 in the Indian system) are used in Indian English to express large numbers. In Telugu, a lakh is called à°²à°à±à°· laksha and a crore is called à°à±à°à°¿ koti. 2  In Urdu, a lakh is called ÙØ§Ú©Ú¾ lÄkh and a crore is called Ú©Ø±ÙÚ karoá¹. 3  Lakh has entered the Swahili language as  laki  and is in common use. 4  In Burmese, crore is called áá¯áá± [É¡Éde] .  É¡ÉdÃ¨