SGX to exit swaps clearing business

Narayanan Somasundaram
08 Nov 2018

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Singapore Exchange (SGX) will stop clearing over-the-counter interest rate swaps from April 2019, leaving users without a home for some of their cleared contracts – thought to be an unprecedented event for an OTC product.

Monthly swaps volumes at the central counterparty have been showing year-on-year declines for most of the past 12 months. SGX competes with CME and LCH in Singapore dollar swaps, and with Hong Kong Exchanges and Clearing (HKEx) in Thai baht. SGX is the only CCP offering

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: http://subscriptions.risk.net/subscribe

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

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You already have an account with us*. Sign in below to continue.