CME Group Clears First KRW and INR Interest Rate Swaps Trades

[kreslik.news]

Chicago-based CME Group (NASDAQ: CME), one of the world’s paramount exchange operators, has expanded its global interest rate clearing solutions to now include 21 currencies of swaps with the addition of Korean Won (KRW) IRS and Indian Rupee (INR) OIS. The exchange today announced it has already cleared trades on the new swap currencies, which its settlements are treated as non-deliverable, so it uses local FX fixings to convert KRW and INR to the American dollar.

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CME Swaps on KRW and INR offers the OTC marketplace the ... (read more)