Continuous enhancements and rising trading volumes have defined Swap Connect’s progress since launch in 2023 – and the momentum behind this story of progress continues to pick up pace in 2025.
The year kicked off with a landmark advance in January to expand the scope of eligible collateral for Northbound Swap Connect transactions to include China Government Bonds (CGBs) and Policy Financial Bonds (PFBs).
This enhanced collateral flexibility helped make RMB-denominated onshore bonds even more investible, allowing investors to improve capital efficiency and create space for a more diverse range of investment strategies.
And last week another new enhancement came to market, with the maximum tenor of interest rates swap contracts extending from 10 years to 30 years under Northbound Swap Connect.