Starting from January 13, 2025, the Hong Kong OTC Clearing Company will accept onshore government bonds and policy financial bonds as collateral for the Swap Connect.

Breakings · Dec 16 16:54

Today, the HKEX announced that its Hong Kong OTC Clearing Company will accept onshore government bonds and policy financial bonds held by overseas investors using the Bond Connect as collateral for the Northbound Swap Connect starting from January 13, 2025. The newly eligible collateral can be used to pay the initial margin for Northbound Swap Connect transactions. As of the end of November 2024, a total of 71 overseas Institutions participated in the Northbound Swap Connect. In November 2024, the average daily trading volume of the Swap Connect reached 18.2 billion yuan, significantly up from about 3 billion yuan in May 2023.

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香港场外结算公司自2025年1月13日起接受在岸国债及政策性金融债作为互换通抵押品

Starting from January 13, 2025, the Hong Kong OTC Clearing Company will accept onshore government bonds and policy financial bonds as collateral for the Swap Connect.

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