The Hong Kong Securities and Futures Commission designated four clearinghouses as authorized for market participants to fulfill their mandatory clearing obligations for OTC swaps under HK law. The clearinghouses are the Chicago Mercantile Exchange, Inc.; the Japan Securities Clearing Corporation; LCH.Clearnet Limited; and OTC Clearing Hong Kong Limited. Initially, the mandatory clearing obligation in Hong Kong for OTC swaps will cover certain standardized interest rate swaps denominated in HK dollars or US Dollars, Euros, Great Britain Pounds or Japanese Yen.