SGX mothballs US dollar swap clearing

Insufficient demand causes service to cease – however exchange says it may reintroduce it later

SGX Centre 2
SGX Centre 2 in Singapore

Singapore Exchange has said in a circular to its members that its central counterparty (CCP), AsiaClear, will suspend its service for clearing over-the-counter US dollar interest rate swaps due to lack of demand.

SGX was the first CCP in Asia to offer OTC derivatives clearing in 2011. While its main product is Singapore dollar interest rate swaps, it has also been offering US dollar rate swaps, the second most traded hedging tool among financial institutions in the city-state.

However, with low

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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 individual account here