OTC Clear to give banks access to Chinese banks as counterparties
Oversea-Chinese Banking Corporation (OCBC)’s (SGX:O39
) Singapore headquarters has joined OTC Clearing Hong Kong Limited (OTC Clear) and LCH SwapClear as a direct clearing member.
OTC Clear is a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) while LCH SwapClear is LCH’s interest rate swap (IRS) clearing service.
