Lack of certainty over OTC clearing location a problem for Asia asset managers

Regulatory uncertainty

Uncertainty on whether to clear over-the-counter derivatives via a local or international clearing house is presenting challenges for Asia buy-side market participants.

In Japan, regulators have mandated that credit default swaps on iTraxx Japan should be cleared through a licensed domestic central counterparty (CCP) and that interest rate swap trades on yen Libor must be cleared through a licensed domestic, foreign or linked CCP.

In contrast, Australian regulators recommended in a paper release

To continue reading...

You must be signed in to use this feature.

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 indvidual account here: