MDCH Alters Margin Obligations Rules
SETTLEMENT
KUALA LUMPUR--Malaysian Derivatives Clearing House Bhd (MDCH) says it will accept major foreign currencies as collateral to cover the margin obligations of its clearing members beginning March 24 this year.
At present, members can only lodge ringgit denominated cash or letters of credit from approved banks to pay their margin. The initially accepted currencies would be US dollars, sterling, Australian dollars, euros, Japanese yen and Singapore dollars.
MDCH and its clearing members have been given
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