Eligible OTC Clear Products - HKEX

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OTC Clear clearable products

Currently OTC Clear clears interest rate swaps (IRS), Northbound interest rate swaps (NB IRS), non-deliverable currency forwards (NDF), cross currency swaps (CCS) and deliverable FX (DFX).

The following table summarises the products accepted by OTC Clear for clearing:

Products	Currency	Maximum residual term
Northbound interest rate swaps	CNY (Renminbi)	30 years*
Single currency interest rate swaps	CNY (offshore) USD EUR HKD	11 years 16 years 11 years 16 years
Single currency basis swaps	USD EUR HKD	16 years 11 years 16 years
Non-deliverable interest rate Swaps	CNY (Renminbi) INR (Indian Rupee) KRW (Korean Won) TWD (New Taiwan Dollar)	11 years 11 years 11 years 11 years
Cross currency swaps	USD vs CNY (offshore) USD vs HKD	11 years 16 years
Non Deliverable Currency Forward	USD / CNY (Renminbi) USD / INR (Indian Rupee) USD / KRW (Korean Won) USD / TWD (New Taiwan Dollar)	2 years
Deliverable FX (DFX) - FX Forward	USD vs CNY (offshore) USD vs HKD	3 years
Deliverable FX (DFX) - FX Swaps	USD vs CNY (offshore) USD vs HKD	3 years

* The maximum residual term of SHIBOR_3M and FR007 is 30 years, while the maximum residual term of SHIBOR O/N and LPR1Y is 3 years.

Further details of the products can be found below:

IRS

NB IRS

NDF

CCS

DFX

OTC Clear will continue to expand its product scope to a wider range of contract currencies, tenors and asset. OTC Clear will take into account industry views and market developments when introducing new products for clearing.

Updated 30 Apr 2018

Resources

• OTC Clear Operations Calendar
• OTC Clear Operating Hours
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