HKEx: real-time settlement key to cross-currency swap clearing

JSCC and KRX also said to be working on cross-currency swap clearing offerings

hong kong exchanges and clearing office
HKEx's OTC Clear service benefits from access to Hong Kong's RTGS system

A senior executive at Hong Kong Exchanges and Clearing (HKEx) has credited the central counterparty's (CCP) access to a multi-currency real-time gross settlement system (RTGS) as critical to its ability to a launch a cross-currency swap (CCS) clearing service – a first among major CCPs.

One of the main stumbling blocks to over-the-counter foreign exchange derivatives clearing thus far has been finding a way to deal with settlement risk: the danger that one counterparty exchanges its side of the

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: