CME Group Granted Recognised Clearing House Status by the Monetary Authority of Singapore

CME Group, the world’s leading and most diverse derivatives marketplace, today announced that Chicago Mercantile Exchange Inc. has been formally granted the status of Recognised Clearing House (RCH) by the Monetary Authority of Singapore (MAS) with effect from 18 May 2016.
With this Recognised Clearing House status, the clearing house division of Chicago Mercantile Exchange Inc., CME Clearing, is now able to sign up direct clearing members from Singapore for clearing of both exchange-traded futures and options, as well as over-the-counter derivatives.
In addition, with the implementation of MAS’ proposal to mandate clearing for interest rate swaps later this year, including Singapore-dollar and US-dollar-denominated swaps, Recognised Clearing House status will permit local market participants to fulfill their clearing obligations in these instruments with CME Clearing.
Source: CME Group
Oil and Gas Press
Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil”
Follow us: @OilAndGasPress on Twitter |