The Shanghai Clearing House (SHCH, Chinese: 上海清算所), formally the Inter-bank Market Clearing House Co., Ltd. (Chinese: 銀行間市場清算所股份有限公司簡稱上海清算所), is a significant central counterparty and central securities depository in China, established in 2009 in Shanghai.
Head office of the Shanghai Clearing House on the Bund, originally built in 1920 for Britain's Glen Line
It provides services in central counterparty clearing, registration and custody, risk management and valuation, statistical information, and financial knowledge dissemination. In 2018, the total clearing volume on the Shanghai Clearing House reached 4.6 million, 31 percent up on the previous year, for an amount of RMB 349.5 trillion, up 32 percent.[2]
In the European Union, the Shanghai Clearing House was recognized as a third-country central counterparties by the European Securities and Markets Authority on 3 October 2022.[3] In the United States, it is authorized to clear swaps for the proprietary accounts of its clearing members that are U.S. persons or affiliates of U.S. persons, by exemption granted by the Commodity Futures Trading Commission. As such, it is not registered as a derivatives clearing organization (DCO).[4]
The Shanghai Clearing House is a member of the CCP Global, the global association of clearing houses, which was itself registered in Shanghai in 2015 and opened an office there in 2017.[2]
^"China Sets Up Interbank Clearinghouse In Shanghai". Alibaba blogs. 2009.
^ ab"Brief Introduction of Shanghai Clearing House". Shanghai Municipal People's Government. 18 July 2023.
^"ESMA recognises Shanghai Clearing House and Dubai Clear". European Securities and Markets Authority.
^"Statement of Commissioner Summer K. Mersinger on Extension of No-Action Relief to Shanghai Clearing House". Commodity Futures Trading Commission. 26 July 2022.
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shanghai, clearing, house, shch, chinese, 上海清算所, formally, inter, bank, market, clearing, house, chinese, 銀行間市場清算所股份有限公司簡稱上海清算所, significant, central, counterparty, central, securities, depository, china, established, 2009, shanghai, head, office, bund, origin. The Shanghai Clearing House SHCH Chinese 上海清算所 formally the Inter bank Market Clearing House Co Ltd Chinese 銀行間市場清算所股份有限公司簡稱上海清算所 is a significant central counterparty and central securities depository in China established in 2009 in Shanghai Head office of the Shanghai Clearing House on the Bund originally built in 1920 for Britain s Glen LineOverview editThe Shanghai Clearing House was established on 28 November 2009 and was recognized as a Qualified Central Counterparty by the People s Bank of China Its founding shareholders were China Foreign Exchange Trade System 46 7 percent China Central Depository amp Clearing 33 3 percent China Banknote Printing and Minting Corporation 10 percent and China Gold Coin Inc 10 percent 1 It provides services in central counterparty clearing registration and custody risk management and valuation statistical information and financial knowledge dissemination In 2018 the total clearing volume on the Shanghai Clearing House reached 4 6 million 31 percent up on the previous year for an amount of RMB 349 5 trillion up 32 percent 2 In the European Union the Shanghai Clearing House was recognized as a third country central counterparties by the European Securities and Markets Authority on 3 October 2022 3 In the United States it is authorized to clear swaps for the proprietary accounts of its clearing members that are U S persons or affiliates of U S persons by exemption granted by the Commodity Futures Trading Commission As such it is not registered as a derivatives clearing organization DCO 4 The Shanghai Clearing House is a member of the CCP Global the global association of clearing houses which was itself registered in Shanghai in 2015 and opened an office there in 2017 2 See also editChina Central Depository amp Clearing CCDC China Securities Depository and Clearing Corporation CSDC China Foreign Exchange Trade System CFETS Cross Border Interbank Payment System CIPS Notes edit China Sets Up Interbank Clearinghouse In Shanghai Alibaba blogs 2009 a b Brief Introduction of Shanghai Clearing House Shanghai Municipal People s Government 18 July 2023 ESMA recognises Shanghai Clearing House and Dubai Clear European Securities and Markets Authority Statement of Commissioner Summer K Mersinger on Extension of No Action Relief to Shanghai Clearing House Commodity Futures Trading Commission 26 July 2022 nbsp This China related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Shanghai Clearing House amp oldid 1194662666, wikipedia, wiki, book, books, library,
