SGX Adds Maybank As Clearing Member For OTC Financial Derivatives

Singapore Exchange (SGX) welcomes Malayan Banking (Maybank) to AsiaClear as a new bank clearing member for over-the-counter (OTC) financial derivatives.

Maybank Kim Eng is already a member of SGX’s securities and derivatives markets.

Muthukrishnan Ramaswami, President of SGX, said, “We are pleased that Maybank is extending its presence in our markets by becoming a clearing member for OTC traded financial derivatives. We are committed to helping OTC market participants manage risks and navigate the evolving regulatory environment. Maybank’s joining of our OTC clearing network reaffirms our relevance as Asia’s leading clearer for OTC transactions.”

"We are pleased to be an SGX Bank Clearing Member for the clearing of over-the-counter (OTC) traded financial derivatives. This is an important step in our commitment to offer a comprehensive suite of products and services to our clients and business partners in our regional footprint," said Datuk Abdul Farid Alias, Deputy President & Head, Global Banking, Maybank Group.

Maybank brings the total number of bank clearing members for the clearing of OTC traded financial derivatives on SGX AsiaClear to 12.