Nine foreign banks join Shanghai for mandatory IRS clearing

Significant global players not on list to join Shanghai Clearing House

shanghai-0610

Shanghai Clearing House (SCH) has revealed a list of direct members for its renminbi interest rate swap (IRS) central clearing business for the start of mandated CNY swap clearing next month, but several high-profile international banks are conspicuous by their absence, with less than a month to go before the mandatory clearing deadline.

On July 1, clearing of CNY interest rate swaps becomes mandatory onshore in China for dealers and clients. Thirty-five direct clearing members have been admitte

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: