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CME authorized to provide clearing in HK

First Published 7th September 2016

Chicago Mercantile Exchange receives authorization to provide OTC clearing and settlement services and designation as a central counterparty by Hong Kong's Securities and Futures Commission.

CME Group has announced that Chicago Mercantile Exchange has been granted authorization to provide OTC clearing and settlement services and has been designated as a central counterparty (CCP) by the Securities and Futures Commission (SFC) in Hong Kong

CME Clearing can now provide market participants in Hong Kong clearing and settlement services in its OTC interest rate swaps. In addition, with the designated CCP status, CME is now able to provide a choice to market participants subject to mandatory clearing under Hong Kong law.

Market participants may now fulfil their mandatory clearing obligations by clearing their trades through CME Clearing for transactions in certain standardized interest rate swaps that are denominated in Hong Kong dollars or one of the G4 currencies (USD, EUR, GBP and JPY).

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