HKEx to launch NDF clearing facility by 2012-end

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The move is aimed at supporting global regulatory initiatives and takes advantage of business opportunities in OTC derivatives clearing, the exchange said. The decision follows that of Singapore Exchange, which began clearing interest rates swaps in mid-November and plans to extend product coverage to Asian forwards and non-deliverable forwards next year (FX Week, September 21).

Similarly, the Singapore Mercantile Exchange went live with commodities clearing in August with plans to extend to

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