Currently OTC Clear clears interest rate swaps (IRS), Northbound interest rate swaps (NB 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:
* The maximum residual term of SHIBOR_3M and FR007 is 30 years, while the maximum residual term of SHIBOR O/N is 3 years.
Further details of the products can be found below:
IRS
NB 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.