DBS Bank becomes first LCH SwapClear direct member in Singapore
Through DBS’ direct connection, LCH becomes the first global offshore clearing house to accept Singapore Government Bonds as collateral.
Through DBS’ direct connection, LCH becomes the first global offshore clearing house to accept Singapore Government Bonds as collateral.
New development will deliver clearing certainty during the Asia Pacific morning for SwapClear’s regional members and clients, including the Australia market, said LCH.
The move is a sign that fund managers are also looking to reduce their derivatives exposures.
Hong Kong’s SFC grants LCH CCP status and allows it to provide automated trading services in the region.