LCH debuts central clearing for Sora derivatives

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


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 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