Singapore Exchange (SGXL.SI), Asia’s second largest listed bourse operator, proposed on Wednesday amendments to its clearing rules to facilitate the settlement of new derivative contracts.
The new contracts eyed by SGX include interest rate swaps and Asian foreign exchange forward contracts settled in U.S. dollars. 

 

SGX has been marketing itself as a platform for settling over-the-counter (OTC) trades among financial institutions amid growing concerns about counterparty risks in the aftermath of Lehman Brothers’ collapse in September 2008.