Korea has become the latest G20 member to mandate clearing for OTC swaps
The Korea Exchange (KRX) has begun its mandatory clearing
service for qualified won-denominated interest rate swaps
KRX offered a voluntary clearing service to 35 of its
members until June 30 but, following the G20 mandate on
over-the-counter (OTC) derivatives, all Korean financial
investment companies will now have to use the mandatory service
for swaps transactions.
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