Monetary Authority of Singapore Annual Report 2011/2012
Our Work

Trading and Clearing Infrastructure

Increased demand for risk management solutions continued to underpin the growth of SGX AsiaClear’s clearing business. Total volume of energy, freight, agricultural and dry bulk-related derivatives cleared through AsiaClear rose 22% year-on-year to over 190,000 lots in 2011. AsiaClear’s OTC commodity derivatives clearing network also expanded to include more than 660 counterparty accounts and over 40 OTC Clearing Members and Inter-Dealer Brokers.

Asiaclear also saw steady growth in its OTC financial derivatives clearing services following its launch in November 2010. It currently has 11 clearing members participating in its clearing service for interest rate swaps denominated in SGD and has cleared over S$200 billion in notional value as of December 2011. It also started to offer clearing for non-deliverable FX swaps in October 2011, beginning with seven Asian currencies settled in USD.