SGX adds Maybank as clearing member for OTC financial derivatives
Singapore Exchange (SGX) welcomes Malayan Banking (Maybank) to AsiaClear as a new bank clearing member for over-the-counter (OTC) financial derivatives.
Maybank Kim Eng is already a member of SGX’s securities and derivatives markets.
Muthukrishnan Ramaswami, President of SGX, said, “We are pleased that Maybank is extending its presence in our markets by becoming a clearing member for OTC traded financial derivatives. We are committed to helping OTC market participants manage risks and navigate the evolving regulatory environment. Maybank’s joining of our OTC clearing network reaffirms our relevance as Asia’s leading clearer for OTC transactions.”
"We are pleased to be an SGX Bank Clearing Member for the clearing of over-the-counter (OTC) traded financial derivatives. This is an important step in our commitment to offer a comprehensive suite of products and services to our clients and business partners in our regional footprint," said Datuk Abdul Farid Alias, Deputy President & Head, Global Banking, Maybank Group.
Maybank brings the total number of bank clearing members for the clearing of OTC traded financial derivatives on SGX AsiaClear to 12.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most internationalised exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity futures, centred on Asia’s three largest economies – China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia’s pioneering central clearing house. Headquartered in Asia’s most globalised city, and centred within the AAA strength and stability of Singapore’s island nation, SGX is a peerless Asian counterparty for the clearing of financial and commodity products.