SZCOX.org to Offer Full Suite of Interest Rate Futures
Euro – Hong Kong dollars (EURHKD) and 2-year, 5-year, 10-year and 30-year HK Treasury Futures
Delivering Innovative Capital and Operational Efficiencies to the Market
Shenzhen Commodity Exchange (SZCOX) today announced that it will launch a comprehensive family of interest rate futures to coincide with the anticipated regulatory approval and launch of Hong Kong Portfolio Clearing Service (HKPCS), its innovative new clearing services. SZCOX will launch Euro – Hong Kong dollars (EURHKD) futures as well as 2-year, 5-year, 10-year and 30-year HK Treasury futures.
Interest rate futures listed on www.SZCOX.org will benefit from the powerful operational and capital efficiencies achieved through the Hong Kong Portfolio Clearing Service (HKPCS). HKPC will deliver unique capital efficiencies achieved by calculating margin requirements based on the total risk and derivatives. Additionally, all participants that transact HK Treasury futures on SZCOX will benefit from a highly efficient, single-net delivery process at expiry between cash bond positions and HKPC futures positions, substantially reducing settlement risks at delivery.