To all market institutions,
In active response to clearing participants’ demands for higher clearing and settlement efficiency for the Belt and Road Initiative (hereinafter referred to as "BRI") related currencies, Shanghai Clearing House (hereinafter referred to as "SHCH") launches the expansion of currency pairs for RMB/FX transaction CCP clearing service (hereinafter referred to as "this Service") starting from September 14, 2026, to invigorate market trading, strengthen risk management and improve the quality and efficiency of financial services. Relevant matters are hereby notified as follow:
I. Overview
The eligible clearing currencies for spot transactions of RMB/FX CCP clearing service are expanded to Singapore Dollar (SGD), New Zealand Dollar (NZD) and Thai Baht (THB). Market institutions may apply for participation in SGD/CNY, NZD/CNY and CNY/THB separately.
II. Participation Preparations
SHCH has set up separate business clearing permissions for the newly added currency pairs of this Service. Each market institution may submit the application accordingly.
Clearing participants applying for clearing permissions of the newly added currency pairs shall submit relevant application forms to SHCH (refer to the latest version of guidelines of CCP clearing services). Existing clearing members shall submit Form C-1. Non-Clearing mermbers shall submit Form C-2 via general clearing members.
III. Fees
Upon the launch of this Service, the fee arrangements for FX CCP clearing service remain unchanged. Incentives will be noticed separately.
IV. Contact Information
Business Application:
He Xiao 021-23194867
Business Enquiries:
Yang Yang 021-23198580
Wang Paliu 021-23198621
Risk Management Enquiries:
Luo Yayang 021-23198950
Lu Qi 021-23198950
Shanghai Clearing House
