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.
A Lac is actually a million Indian rupees or about Â£12,000. Then for the big boys who like to swagger about and brag a usefull word is Crores-as in âcrore look at that yacht!â. That yacht bobbing about just out to sea may have cost ten Crores. A Crore is 10 x a Lac or ten million Indian rupees. Lac is actually a million Indian rupees or about Â£12,000. Then for the big boys who like to swagger about and brag a usefull word is Crores-as in âcrore look at that yacht!â. That yacht bobbing about just out to sea may have cost ten Crores. A Crore is 10 x a Lac or ten million Indian rupees.