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Eligible OTC Clear Products

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

KRW (Korean Won)

THB (Thai Baht)

TWD (New Taiwan Dollar)

5 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.


Updated 14 May 2017

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