Eligible OTC Clear Products 
15/05/2017 
 

 

Currently OTC Clear clears interest rate swap (IRS), non-deliverable currency forward (NDF) contracts and cross currency swap (CCS).

The following table summarises the products accepted by OTC Clear for clearing:

Products

Currency

Maximum residual term

 

Single currency IRS

CNH (offshore Renminbi)

USD

EUR

HKD

10 years

Single currency basis swap

USD

EUR

HKD

10 years

Non-deliverable IRS

CNY (Renminbi)

INR (Indian Rupee)

MYR (Malaysian Ringgit)

KRW (Korean Won)

THB (Thai Baht)

TWD (New Taiwan Dollar)

5 years

10 years

10 years

10 years

10 years

10 years

CCS USD vs CNH (offshore Renminbi)

10 years

NDF

USD / CNY (Renminbi)

USD / INR (Indian Rupee)

USD / KRW (Korean Won)

USD / TWD (New Taiwan Dollar)

2 years

Further details of the products can be found below:

       IRS 

      NDF

      CCS

OTC Clear will continue to expand its product scope to a wider range of contract currencies, tenors and asset. OTC Clear will take into account industry views and market developments when introducing new products for clearing.