China opens door to CGBs as initial margin
CCDC’s new rules expected to drive use of CGBs as collateral in non-cleared and cross-border trades
China Central Depository and Clearing is “very close” to finalising its initial margin (IM) rules, paving the way for Chinese government bonds (CGBs) to be posted as collateral for non-cleared over-the-counter derivatives domestically and internationally.
“We are expecting imminently for those revised CCDC rules to come into effect, or to become formalised, so that will kick-start the process of
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