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. ...

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