LCH, HKEX to clear swaps linked to Asia overnight rates

Clearing houses ready launch of SORA and Honia swaps, but timing is uncertain

SGD-HKD-overnight-rates
Risk.net montage

Two of Asia’s largest clearing houses are preparing to clear swaps linked to Hong Kong and Singapore overnight rates, as the region takes steps to shift derivatives and loan markets to new risk-free rates.

Existing interest rate swaps in Hong Kong dollar and Singapore dollar will also move to a new discount rate. But the timing of the moves is uncertain amid the ongoing coronavirus pandemic.

LCH plans to clear Hong Kong dollar overnight index average (Honia) and Singapore overnight rate

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 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 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 individual account here: