Clearing members want more from HKEX on collateral rates
The CCP has cut handling fees on posted margin, but is still paying members less than global peers
Clearing members have welcomed changes made by Hong Kong Exchanges and Clearing (HKEX) to the rates paid on posted collateral late last year, but say the central counterparty (CCP) still has further to go to boost its competitiveness relative to peers.
“It is a positive step forward,” says a head of Asia rates trading at a global bank. “However, there is still a significant gap compared with
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