“There is still debate around the economics of onshore clearing. If local clearing is mandated in every jurisdiction, the cost of building the infrastructure, the joining fees and default contributions, and the inefficiencies of joining multiple CCPs could potentially act as a tax on the local system.”
“There is still debate around the economics of onshore clearing. If local clearing is mandated in every jurisdiction, the cost of building the infrastructure, the joining fees and default contributions, and the inefficiencies of joining multiple CCPs could potentially act as a tax on the local system.”
—Lee McCormack, client clearing business development manager at Nomura in London, gives his views on the potential challenges of clearing onshore with local CCPs as opposed to international CCPs.
High-yield Japanese corporate bond issuers are set to step up their offshore bond issuance plans in 2026 amid a push to diversify their funding sources. They are likely to see success in dollars and euros provided market conditions hold up, writes Rashmi Kumar
Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds