MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
ENTERPRISE: Our Role
BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT
DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET
FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE
RISK MANAGEMENT & INFRASTRUCTURE
GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE
CURRENCY
ORGANISATIONAL INITIATIVES
GROWING SINGAPORE AS AN INTERNATIONALLY
COMPETITIVE FINANCIAL CENTRE
34
Asset Management 34
Box 7 - Emerging Clusters In Singapore’s Financial Services 35
Active Trading in the Equities and Derivatives Market 37
Leading Real Estate Investment Trusts Market in Asia 38
Shipping Trusts Seek Singapore Listing 38
Infrastruc ture Finance Taps the Capital Markets 38
Box 8 - Regulatory Oversight Of Commodity Futures 38
Growth in Collateralised Debt Obligations Market 39
Growth in Over-the-Counter Commodity Derivatives  
  Central Counterparty Clearing Activity 39
Box 9 - Listing Of Pioneer Exchange Traded Funds 39
 
Growth in Over-the-Counter Commodity Derivatives Central Counterparty Clearing Activity
Singapore continues to be the hub for OTC commodities trading in the region, capturing more than 10% of global OTC commodities. In May 2006, SGX launched a central counterparty clearing facility, SGX AsiaClear, to mitigate counterparty risks and create operational efficiencies for the marketplace.

By December 2006, seven months after its launch, SGX AsiaClear had secured a diversified pool of over 60 counterparty accounts on its OTC trading and clearing network. It is supported by 16 SGX OTC Clearing Members and 14 participating OTC Brokers. There are currently ten Oil Swaps, nine dry Forward Freight Agreements (FFAs) and three wet FFAs available. The OTC Fuel Oil complex of products has been the most actively traded and cleared. This includes the Fuel Oil 180cst and 380cst Contracts and also the recently launched Balance-of-Month Fuel Oil and Gas Oil Contracts.