Separately, OTC Clear has begun extending today the maximum tenor for clearing CNY non-deliverable interest rate swaps (CNY NDIRS) it clears from 5.5 years to 11 years.
Hong Kong Exchanges & Clearing (HKEX) has made two key enhancements to its Swap Connect platform, aimed at deepening linkages between Hong Kong and China's interbank swap markets. These include the 1-year Loan Prime Rate (LPR 1Y) as a new reference rate option under Northbound Swap Connect. This addition lets international investors trade interest rate swaps linked to China's widely used benchmark loan rate which gives them more options to manage their RMB interest rate exposure. On the sa