Monday March 3 2014
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Korean Republic
Link: http://eng.krx.co.kr/coreboard/BHPENG09004/view.jspx?bbsSeq=20061&secretYn=N
Korea Exchange (KRX) from March 3, 2014 onwards will provide voluntary clearing service of the Korea Won (KRW) denominated Interest Rate Swap (IRS) contracts to meet the G20 mandate on over-the-counter (OTC) derivatives clearing. KRX expects the new service to significantly lower systematic risks in OTC derivative clearing whilst improving market transparency.
The new service will be temporarily offered to 35 members on a voluntary basis until June 30, 2014. Thereafter all KRW-IRS contracts will be cleared through KRX on a mandatory base.
Click on the above link for further details.