Singapore, HK, Australia set date for OTC margin rules


SINGAPORE: Singapore, Hong Kong and Australia will introduce collateral rules for over-the-counter derivatives trading on March 1, part of a global initiative to make transactions in the US$544 trillion market safer.

The new guidelines force financial institutions to post cash or bonds to their swaps counterparties. They will also apply to variation margins, which cover daily market swings, the Monetary Authority of Singapore, the Hong Kong Monetary Authority and the Australian Prudential Regulation Authority said in separate statements yesterday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

China sets up third fund with US$47.5bil to boost semiconductor sector
Powerwell secures RM57.61mil orders from global tech giants
SME funding puzzle
Matrix Concepts registers jump in net profit to RM246.47mil in FY24
SMEs’ struggle with green transition
China plans to add 19 new professions
MAHB de-list of questions
Asia shares nudge higher as US, EU inflation data loom
Pharmaniaga's 1Q performance shows promise, says ED
Ambank records RM1.87bil net profit in FY24, proposes 16.6c div/share

Others Also Read