LSEG today announces that LCH SwapClear has cleared its inaugural Malaysian Ringgit-denominated non-deliverable interest rate swaps (MYR NDIRS).
Launched in response to growing demand among clearing members and clients in the Asia-Pacific region, the milestone is underscored by the early adoption from leading Malaysian and global banks. CIMB and Maybank were among the first institutions to clear MYR NDIRS as clients, with HSBC serving as one of the clearing brokers.
The addition of the Malaysian Ringgit (MYR) further strengthens LCH SwapClear’s robust product suite, which now spans across 28 currencies.
Susi de Verdelon, CEO, LCH Ltd, said:
“We are proud to be building on our long-term commitment to the APAC market and extending our multi-asset class offering to now include the clearing of non-deliverable Malaysian Ringgit interest rate derivatives. We continue to see strong demand in the APAC region…
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