Clifford Chance
China starts mandatory clearing of OTC derivatives
18 July 2014
Mandatory clearing of OTC Renminbi interest rate swaps ("RMB IRS") on the Shanghai Clearing House ("SCH") will start 1 July 2014. The launch of mandatory clearing of RMB IRS represents a significant step by China in the regulatory reform of the domestic OTC derivatives market. This briefing note provides a summary of this new clearing mandate.
