Shanghai Clearing House and China Foreign Exchange Trade Center Launch Optimized Foreign Currency Repo Service on June 22

According to Shanghai Clearing House and China Foreign Exchange Trade Center, the two institutions will launch an optimized foreign currency repo service on June 22, 2026. The upgrade includes the ability for trading counterparties to initiate collateral replacement for outstanding foreign currency pledged repo transactions through Shanghai Clearing House's integrated business system or the Foreign Exchange Trade Center's trading platform. Prior to maturity settlement, both parties can initiate cash settlement through Shanghai Clearing House's system, which will complete buy-back repo settlement accordingly. The service aims to enhance collateral management flexibility and settlement options for interbank market participants.
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