Repositories
Central Clearing Requirements
Central Clearing Requirements Information Repository
Interest Rate Swaps (China-China Securities Regulatory Commission)
(Last Updated: 19 November 2020)
(Last Update: 19 November 2020) | |
Authority: | China-China Securities Regulatory Commission |
Jurisdiction: | China |
Product features | |
Product type: |
Fixed-to-floating swap |
Currency: | CNY |
Index: | SHIBOR_O/N |
Product Tenor: | 5 days to 3 years |
Optionality: | No |
Single Or Dual Currency: | Single |
Conditional Notional Amount: | No |
Other Product Characteristics: | |
Eligible CCPs | |
Eligible CCPs: | SHCH |
Where any of the eligible CCPs listed in the preceding column are not authorised to provide clearing services to all the products in this row, details of these limitations: | |
Exemptions (Note: The application of the exemptions below may be subject to conditions and restrictions. Please see the relevant notes for details.) | |
End-users/ non-financial entities exemption: |
View Note |
Affiliated entities / group entities exemption: |
View Note |
Pre-existing transactions exemption: |
Yes
View Note |
Other exemptions, if any: |
View Note |
Effective Date: | 1 July 2014 |
Reference: |
PBoC, Notice regarding the issues related to the establishment of OTC derivatives central clearing mechanism and commencement of CNY IRS central clearing business (中国人民银行关于建立场外金融衍生产品集中清算机制及开展人民币利率互换集中清算业务有关事宜的通知), 20 February 2014.
SHCH, Rules on CNY IRS central clearing business (人民币利率互换集中清算业务规则), 31 December, 2013 SHCH, Guide on CNY IRS central clearing business (人民币利率互换集中清算业务指南), 31 March 2015, Revision SHCH, Notebook of interest rate caculations on CNY IRS central clearing business(人民币利率互换集中清算业务利息计算细则), 26 January 2015. SHCH,Announcement on CNY IRS central clearing business(关于开展人民币利率互换集中清算代理业务的公告(清算所公告〔2014〕3号)),30 May 2014. Note: Staff at the IOSCO General Secretariat prepared this summary based on publicly available information. We are currently seeking comment from PBoC on this summary. |
Last Update of the Regime: | 01 March 2014 |
(Last Update: 19 November 2020) | |
Authority: | China-China Securities Regulatory Commission |
Jurisdiction: | China |
Product features | |
Product type: |
Fixed-to-floating swap |
Currency: | CNY |
Index: | FR007 |
Product Tenor: | 5 days to 5 years |
Optionality: | No |
Single Or Dual Currency: | Single |
Conditional Notional Amount: | No |
Other Product Characteristics: | |
Eligible CCPs | |
Eligible CCPs: | SHCH |
Where any of the eligible CCPs listed in the preceding column are not authorised to provide clearing services to all the products in this row, details of these limitations: | |
Exemptions (Note: The application of the exemptions below may be subject to conditions and restrictions. Please see the relevant notes for details.) | |
End-users/ non-financial entities exemption: |
View Note |
Affiliated entities / group entities exemption: |
View Note |
Pre-existing transactions exemption: |
Yes
View Note |
Other exemptions, if any: |
View Note |
Effective Date: | 1 July 2014 |
Reference: |
PBoC, Notice regarding the issues related to the establishment of OTC derivatives central clearing mechanism and commencement of CNY IRS central clearing business (中国人民银行关于建立场外金融衍生产品集中清算机制及开展人民币利率互换集中清算业务有关事宜的通知), 20 February 2014.
SHCH, Rules on CNY IRS central clearing business (人民币利率互换集中清算业务规则), 31 December, 2013 SHCH, Guide on CNY IRS central clearing business (人民币利率互换集中清算业务指南),31 March 2015, Revision SHCH, Notebook of interest rate caculations on CNY IRS central clearing business(人民币利率互换集中清算业务利息计算细则), 26 January 2015. SHCH, Announcement on CNY IRS central clearing business(关于开展人民币利率互换集中清算代理业务的公告(清算所公告〔2014〕3号)),30 May 2014. Note: Staff at the IOSCO General Secretariat prepared this summary based on publicly available information. We are currently seeking comment from PBoC on this summary. |
Last Update of the Regime: | 01 March 2014 |
(Last Update: 19 November 2020) | |
Authority: | China-China Securities Regulatory Commission |
Jurisdiction: | China |
Product features | |
Product type: |
Fixed-to-floating swap |
Currency: | CNY |
Index: | SHIBOR_3M |
Product Tenor: | 5 days to 5 years |
Optionality: | No |
Single Or Dual Currency: | Single |
Conditional Notional Amount: | No |
Other Product Characteristics: | |
Eligible CCPs | |
Eligible CCPs: | SHCH |
Where any of the eligible CCPs listed in the preceding column are not authorised to provide clearing services to all the products in this row, details of these limitations: | |
Exemptions (Note: The application of the exemptions below may be subject to conditions and restrictions. Please see the relevant notes for details.) | |
End-users/ non-financial entities exemption: |
View Note |
Affiliated entities / group entities exemption: |
View Note |
Pre-existing transactions exemption: |
Yes
View Note |
Other exemptions, if any: |
View Note |
Effective Date: | 1 July 2014 |
Reference: |
PBoC, Notice regarding the issues related to the establishment of OTC derivatives central clearing mechanism and commencement of CNY IRS central clearing business (中国人民银行关于建立场外金融衍生产品集中清算机制及开展人民币利率互换集中清算业务有关事宜的通知), 20 February 2014.
SHCH, Rules on CNY IRS central clearing business (人民币利率互换集中清算业务规则),31 December, 2013 SHCH, Guide on CNY IRS central clearing business (人民币利率互换集中清算业务指南)31 March 2015, Revision SHCH, Notebook of interest rate caculations on CNY IRS central clearing business(人民币利率互换集中清算业务利息计算细则), 26 January 2015. SHCH,Announcement on CNY IRS central clearing business(关于开展人民币利率互换集中清算代理业务的公告(清算所公告〔2014〕3号)),30 May 2014. Note: Staff at the IOSCO General Secretariat prepared this summary based on publicly available information. We are currently seeking comment from PBoC on this summary. |
Last Update of the Regime: | 01 March 2014 |