Extended trading hours need extended clearing.
Mandatory clearing for U.S. Treasury cash transactions is due at the end of the year.
The expansion builds on the successful launch of Cboe Clear Europe's SFT clearing service in 2025.
Over $1.2 trillion of Treasury cash activity is already clearing at FICC.
Moving collateral takes only minutes, compared to hours or even days.
This deepens the integration of Chinese assets into the international financial infrastructure.
Fragmentation in EU cash equities clearing creates unnecessary costs.
The move marks a major expansion of Citi's precious metals business.
OTC Clear will be able to settle RMB funds directly via the Cross-Border Interbank Payment System.
