Exchange Obtains Certified Qualified Clearinghouse Accreditation from Switzerland
The Korea Exchange announced on the 11th that it has been officially certified as a qualified clearinghouse for over-the-counter derivatives by the Swiss Financial Market Supervisory Authority.
Previously, the Exchange had been certified as a qualified clearinghouse by the U.S. Commodity Futures Trading Commission and the European Securities and Markets Authority.
The Exchange expects that the credibility of the Korean market will be enhanced internationally due to the strengthened trust following certifications from major countries.
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Furthermore, as major regulatory authorities recognize the international standard compliance of Korea's clearing and settlement system, the Exchange anticipates its status as a global qualified clearinghouse will be reinforced.
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