LCH debuts central clearing for Sora derivatives

CCP expects surge in volumes after clearing first trade linked to Singapore’s risk-free rate

Singapore-sunrise

LCH cleared the first over-the-counter interest rate swaps linked to Singapore’s new overnight rate on May 18, the UK clearing house has revealed.

The first cleared swap linked to the Singapore overnight rate average, or Sora, was struck between Standard Chartered and Singapore’s second largest bank by assets, OCBC. More Sora swaps were cleared in the hours that followed, says the central counterparty.  

Kate Birchall, head of Asia-Pacific at LCH in Sydney, says she expects the introduction of

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: