LCH set to take CGBs as collateral
Asia Risk Congress: US dollar and euro CGBs confirmed for next year while CNY versions remain a goal
LCH is planning to add offshore China government bonds (CGBs) to its pool of acceptable collateral early next year, in an effort to reduce members’ reliance on cash collateral in the Asia region and help them to optimise margin costs.
“We are looking to support CGBs soon – euro and USD-denominated first – and that will be closely followed by CNH [offshore renminbi],” said Weilong Tan, senior sales
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