
CFFEX allows non-cash collateral for China treasury futures
Move seen as first step to bring banks and insurers, which are the main holders of these securities, on to the market

China Financial Futures Exchange (CFFEX) has started to accept treasury bonds as margin for treasury bond futures trades as the bourse looks to improve trading flexibility and potentially allow commercial banks and insurers to enter a sector currently limited to securities firms and individual investors.
Effective from January 1, 2015, CFFEX members who have opened custody accounts with China Central Depository & Clearing can start to submit treasury bonds as margin for trading treasury futures
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