ANZ becomes first Aussie to join OTC Clear

Hong Kong Fotolia
By Costas Mourselas
12 Jul 2017

Australia and New Zealand Banking Group on Monday became a clearing member of OTC Clearing Hong Kong (OTC Clear), the OTC derivatives clearing house of Hong Kong Exchanges and Clearing Limited (HKEX).

ANZ is the first Australian bank to join the clearing house, according to HKEX’s joint COO, Calvin Tai.

“We are encouraged to see more international banks recognising OTC Clear’s value proposition, and its strengths in clearing renminbi-focused OTC derivatives, including cross-currency swaps and non-deliverable interest rate swaps,” he said. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.