All Entries in the "AsiaClear" Category
SGX Enhances OTC Clearing of Commodities
Singapore Exchange (SGX) said April 18 SGX AsiaClear has enhanced access to its clearing process with the linking of OTC broking systems to its OTC Trade Registration System. The OTC broking community will benefit from the link which allows trades matched in an inter-dealer broker’s OTC broking system to flow straight through to SGX’s Trade [...]
SGX Consults on Derivatives Clearing
Singapore Exchange (SGX) is consulting the public on amendments to the Singapore Exchange Derivatives Clearing Limited (“SGX-DC”) rules, in relation to the proposed enhancements to its default management framework for exchange-traded and Over-the-Counter (“OTC”) derivative contracts. This is part of SGX’s continuing efforts to review its risk management practices in view of evolving market developments, [...]
SGX AsiaClear Commodity Participants Increase
Singapore Exchange (SGX) said April 18 SGX AsiaClear, Asia’s pioneer provider of central counter-party clearing services, has increased the number and diversity of its commodity participants since its 2006 launch. SGX’s commodity clearing service, which enables OTC market participants to trade more efficiently with each other with lower counterparty credit risk, has increased total counterparty [...]
Credit Suisse joins Singapore Exchange to Clear OTC Financial Derivatives
Singapore Exchange (SGX) today welcomes Credit Suisse AG to its SGX AsiaClear service as SGX Bank Clearing Member for the clearing of over-the-counter (OTC) traded financial derivatives. Mr Muthukrishnan Ramaswami, President of Singapore Exchange, said, “We welcome Credit Suisse to SGX. With the addition of Credit Suisse, we now have a total of 10 bank [...]
Singapore Exchange Successfully Launched OTC Clearing for Financial Derivatives
Singapore Exchange (SGX) has successfully launched on November 15 the new clearing service for over-the-counter (OTC) traded financial derivatives, starting with clearing of interest rate swaps. At launch, nine banks were admitted as SGX Bank Clearing Members for the clearing of OTC traded financial derivatives products. The nine banks are: Barclays Bank PLC, Citibank N.A., [...]
Singapore Exchange First in Asia to Clear OTC Traded Financial Derivatives
Singapore Exchange (SGX) today announced an expansion of its AsiaClear business with the launch of a new clearing service for over-the-counter (OTC) traded financial derivatives. First in Asia to clear OTC traded financial derivatives, this new service will further strengthen AsiaClear’s position as the leading Central Counterparty (CCP) in Asia. Starting with the clearing of [...]
SGX Seeks to Widen Participation in Clearing of OTC Financial Derivatives
Singapore Exchange (SGX) is consulting the public on its proposal to extend its Central Counterparty Clearing Services for Over-the-Counter Traded Financial Derivative (OTCF) contracts to participation from non-bank financial institutions. On 21 April 2010, SGX made a proposal to allow Bank Clearing Members (BCMs) to participate in the clearing of OTCF contracts through SGX-DC. SGX [...]
SGX to Clear New OTC Container Swaps from 2 August 2010
Singapore Exchange (SGX) will be clearing four new over-the-counter (OTC) Container Swap contracts starting from Monday, 2 August 2010. Container trade has been one of the fastest-growing segments of the global freight industry, reaching a value of US$137 billion in 2008. Asian container traffic is projected to account for 68% of the world container exports [...]
