clearing

Credit derivatives have taken a lot of blame for the current crisis, but centralised clearing could help to revive the market.

The bank adds more cheque processing hubs that allow trade payments to be cleared in the Asian time zone.

In the world of currency trading, improvements are needed in the settlement of cross-regional currencies and the onshore clearing of US dollars, says Latiff at JPMorgan.

Deutsche has partnered with Postal Savings Bank of China to manage US dollar clearing and remittances.

The firm's latest IDC is its first in Asia and will stremline cheque clearing.

Hong Kong's biggest bank comes on board as a direct participant in local euro clearing system.

Move follows recent legislation allowing Hong Kong exchange members to outsource clearing and custody.

Citigroup has entered the Australian third party clearing market and becomes the only foreign custodian to offer this service.