LCH says it will start accepting Singapore-dollar denominated bonds as collateral by the end of the year. The country’s banks have welcomed the move, saying it will hopefully ease margin funding burdens and make membership of the London-based CCP more attractive.
Singapore’s banks have long called for US and European central counterparties to accept a broader range of local currency securities as collateral, with many arguing they are disadvantaged by the extra funding costs associated with
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