Clearing members in cash clash with Apac CCPs

Banks and clearing houses wrangle over who should pay for losses on invested collateral

Ask a clearing member in Hong Kong or Singapore to name their biggest worry, and you might be surprised at the answer. Investment risk is starting to outweigh more headline-grabbing perils such as member defaults and central counterparty blow-ups, as CCPs face growing scrutiny over how they manage clearing participants’ cash.

Members say a confluence of factors – mainly a lack of access to deposit accounts at central banks and underdeveloped repo markets in key Asian jurisdictions – are curbing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

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 individual account here: