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Hong Kong Targets Late 2012 For OTC Central Clearing
Hong Kong lawmakers have targeted the end of 2012 for mandatory central counterparty clearing of over-the-counter derivatives. By then, interest rate swaps and non-deliverable forwards must clear through a CCP, reports Risk.net.
Hong Kong lawmakers have targeted the end of 2012 for mandatory central counterparty clearing of over-the-counter derivatives. By then, interest rate swaps and non-deliverable forwards must clear through a CCP. The Hong Kong Exchanges and Clearing is investing USD23.1 million on a technology system and additional staff for its new CCP clearing division.