Shanghai Clearing House Publishes New Default Rules

In February 2020, Shanghai Clearing House published a set of new Guidelines on Default Management for Central Counterparty Clearing Business that govern its clearing services for Renminbi interest rate swaps, bonds, Renminbi/FX request-for-quote transactions and commodity derivatives.

We have prepared a client bulletin which discusses some of the key features of the new guidelines that may be of interest to market participants.

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