Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.
May 2, 2023To participate in Swap Connect and trade interest rate derivatives with Mainland investors, foreign investors will need approval to access the interbank bond market.
February 21, 2023EU market participants will have to hold "active accounts" at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.
December 12, 2022Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.
December 9, 2022The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains "stubbornly high".
December 8, 2022VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.
June 20, 2022From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.
March 24, 2022AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.
February 16, 2022LCH says the new definitional booklet reinforces standardisation, drives messaging fidelity and efficiency, and accommodates flexibility in markets.
October 5, 2021The move will enhance access for non-resident investors and facilitate the inclusion of Indian G-secs in global bond indices.
September 5, 2021