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OTC Clear clearable products

Currently OTC Clear clears interest rate swaps (IRS), non-deliverable currency forwards (NDF), cross currency swaps (CCS) and deliverable FX (DFX).

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

Products Currency Maximum residual term  
Single currency interest rate swaps

CNH (offshore Renminbi)

USD

EUR

HKD

10 years

10 years

10 years

15 years

Single currency basis swaps

USD

EUR

HKD

10 years

10 years

15 years

Non-deliverable interest rate Swaps

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

               
Cross currency swaps

USD vs CNH (offshore Renminbi)

USD vs HKD

10 years
Non Deliverable Currency Forward

USD / CNY (Renminbi)

USD / INR (Indian Rupee)

USD / KRW (Korean Won)

USD / TWD (New Taiwan Dollar)

 2 years
 Deliverable FX (DFX) - FX Forward

USD vs CNH (offshore Renminbi)

USD vs HKD

3 years 
 Deliverable FX (DFX) - FX Swaps

USD vs CNH (offshore Renmibi)

USD vs HKD

3 years 

Further details of the products can be found below:

       IRS 

      NDF

      CCS

       DFX

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 30 Apr 2018

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