China onshore OTC clearing postponed until 2014

Airport delays

Shanghai Clearing House (SHCH) is facing delays launching over-the-counter derivatives clearing as it first focuses on moving China's foreign exchange settlement platform to the clearing venue. Clearing houses have been gearing up to comply with the G-20's commitment to clear standardised over-the-counter derivatives through a central counterparty (CCP) by January this year, although so far only Japan and Singapore have started operations. SHCH, one of seven CCPs set to open for business acro