Wednesday August 14 2013

News Source: Global Exchanges

Focus: Foreign Investment

Type: General

Country: Chile

Link:




It has been reported that ComDer, a new Chilean Derivatives central clearing counterparty will be introduced in the final quarter of 2014 and aims to cover up to 80% of the US $200bn market for non-deliverable forwards and interest rate derivatives from the commencement of its operations.

ComDer is expected to begin to clear non-deliverable forwards in the fourth quarter of 2014 and interest rate derivatives in the first quarter of 2015. It also expects to be certified with the US commodity futures trading commission as a derivative clearing organization.

This information will be updated as soon as further details become available.