What is CCIL or Tri party Repo (TREPs) in Mutual Funds?

Today, I saw a mutual fund house investing in CCIL more than 10%.

What is that? Is every mutual fund required to invest in this?

Can someone explain in layman terms?


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today i found a link of CCIL wherein it offers currency trading for retailers .

Fx Retail

how it is different from what what we trade in nse , bse , mcx CURRENCY ?