SGX adds ringgit, baht IRS to clearinghouse

By Daniel O'Leary
08 Apr 2014

The Singapore Exchange has started clearing non-deliverable interest rate swaps denominated in Malaysian ringgit and Thai baht.

Michael Syn, head of derivatives at the SGX, said the products are actively traded in Singapore and the wider region, and that clearing will address customers’ need for secure and efficient risk management of counterparty and operational risks. “SGX will continue to expand its Asia-based offerings and grow ...

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