A financial derivative contract in which two parties exchange interest rate cash flows, based on a specified principal amount from different interest rate indices.
Marex says this move addresses a gap in the market and responds to client demand for greater counterparty risk diversification and improved market connectivity
The move marks United Overseas Bank as the first bank in Southeast Asia to join as a direct member of ForexClear 鈥 LCH鈥檚 solution for non-deliverable and deliverable foreign exchange
UOB is the first Southeast Asian bank to join ForexClear as a direct member, and is the final Singapore local banking group to join as a direct member of SwapClear
Total term-adjusted ADV rises to 鈧169.3 billion for January 2023 for the Repo Market segment and to 鈧82.1 billion for GC Pooling, assisted by central bank efforts to drive economic normalisation
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