South Africa considers onshore mandate for OTC clearing

On-message for onshore clearing?


South African regulators have a big decision to make – whether to let domestic dealers conduct all their over-the-counter derivatives business with overseas central counterparties (CCPs), or to insist certain trades are handled by a domestic clearer that does not currently exist.

The decision rests with the National Treasury, which says it currently has no preference, but some observers believe it is edging towards the second course of action. South African dealers have been allowed to start usi

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