July 21, 2016 BY Valentina Kirilova
OTC Clearing Hong Kong Ltd clears USD/CNH cross currency swaps
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps. OTC Clear expects to launch the service in August of this year. OTC Clear will initially provide clearing for…
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