Indian capital markets regulator Sebi has established a resolution framework for settlements undertaken by the Limited Purpose Clearing Corporation (LPCC), a body established to clear and settle repo transactions. The mechanism will settle disputes between clearing participants, between clearing members and clients, between the LPCC and vendors, and between clearing members or clients and the LPCC. The decision of an arbitration panel will be final if disputes are not resolved through conciliation. Earlier this month, the regulator also devised a plan for an upfront collection of funds from eligible issuers of debt securities to build the LPCC Settlement Guarantee Fund.