Shanghai Clearing House and China Foreign Exchange Trade System: Optimized foreign currency repo services will be launched from June 22

Golden Ten Data reported on June 18 that the China Interbank Market Clearing House Co., Ltd. and China Foreign Exchange Trade System issued a notice on June 18. To further optimize foreign currency repo transactions and clearing services, and to meet the needs of market institutions for collateral management and diversified settlement methods, the Shanghai Clearing House and the China Foreign Exchange Trade System will launch optimized foreign currency repo services starting from June 22, 2026. During the term of foreign currency pledged repo transactions, both parties may initiate collateral substitution for unsettled transactions via the Shanghai Clearing House integrated business system or the China Foreign Exchange Trade System’s FX trading system, which will take effect upon counterparty confirmation. Before the settlement date, both parties may initiate cash settlement through the Shanghai Clearing House integrated business system. The Shanghai Clearing House will complete the outright repo settlement at maturity according to the cash settlement instructions. The specific launch schedule for the China Foreign Exchange Trade System will be announced later.