With the goal of "standardization, marketization and internationalization", Shanghai Clearing House provides services such as registration, custody, clearing, settlement, delivery, margin management, collateral management, information services and consulting services for direct and indirect local and foreign currency transactions and derivative products transactions in the financial market.
Shanghai Clearing House actively implements the essential requirements of financial services to the real economy, and simultaneously promotes the central counterparty clearing and registration custody settlement business.
China's OTC financial market has established a central counterparty clearing service system, covering bonds, interest rates, foreign exchange and exchange rates, commodities and credit derivatives markets. At the same time, it provides registration custody and clearing and settlement services for nearly 20 innovative financial products such as corporate credit bonds and money market instruments.
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Significance of establishing a clearing house
The establishment of the clearing house is conducive to improving the operational efficiency of the interbank market. The clearing house will gradually introduce centralized clearing or net clearing services with central counterparties as the mainstay, which will obviously save the capital cost of various transactions conducted by participants in the interbank market and effectively improve the overall efficiency and liquidity of the market.
The establishment of the clearing house is conducive to accelerating the business innovation in the interbank market. The inherent high-risk characteristics of financial derivatives require market intermediaries to provide professional clearing services and scientifically manage possible financial risks. Centralized risk management of clearing houses will provide necessary technical support for market innovation.
The establishment of the clearing house is conducive to improving the supervision of the interbank market. Through the clearing house system, regulators can obtain timely and complete information on interbank market transactions and risk exposure, reasonably grasp and evaluate the risks of key institutions, businesses and tools, prevent systemic risks in financial markets, and maintain the stability of financial markets.
The establishment of the clearing house is conducive to promoting the construction of Shanghai International Financial Center. Clearing houses can not only directly attract a large number of funds and high-end financial talents to gather in Shanghai, but also directly promote more financial businesses and financial institutions to gather in Shanghai, and also promote the construction of Shanghai's financial market system, financial legal environment and financial ecological environment.
Shanghai Clearing House-About us