CCP12 Welcomes Bursa Malaysia As Observer Member

The Global Association of Central Counterparties – welcomes Bursa Malaysia as a CCP12 Observer Member.

At the monthly CCP12 Executive Committee Meeting on 15 September 2021, the Executive Committee accepted Bursa Malaysia Berhad (“Bursa Malaysia”) as an Observer Member of CCP12 with immediate effect. Bursa Malaysia is a fully integrated exchange offering listing, trading, clearing, settlement, and depository services. Its subsidiaries include two central counterparties (“CCPs”), Bursa Malaysia Securities Clearing (“BMSC”) for the securities market and Bursa Malaysia Derivatives Clearing (“BMDC”) for the derivatives market.

”We are delighted to welcome Bursa Malaysia with its two CCPs as an Observer Member of CCP12. We are confident that Bursa Malaysia will bring much value to CCP12, and we look forward to a successful collaboration,” said Kevin McClear, Chairman of CCP12 and Teo Floor, CEO of CCP12.

“We are honoured to be an Observer Member of CCP12. Being an Observer Member of CCP12 would elevate Bursa Malaysia and our clearing houses’ (BMSC and BMDC) presence in the international CCPs space,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia Berhad. “We look forward to working closely with CCP12 members, participating in working committees to collectively discuss on market development and on other topics of mutual interests, as well as collaborating in other CCP12 activities.”