Central Clearing House Cuts Settlement Service Fee Discount for Market-Making Bond Trades

Central Clearing House said it will further reduce the settlement service fee charged for spot bond transactions executed through genuine market-making trades between market makers and their counterparties, lowering the fee from an 80% rate to a 75% rate. According to Jin10, the move is intended to reduce market makers’ transaction settlement costs. The identification and confirmation of genuine market-making transactions will be based on data transmitted by the China Foreign Exchange Trade System (National Interbank Funding Center) and verified and confirmed by Central Clearing House. The preferential measures will be effective from July 1, 2026, through December 31, 2028. Central Clearing House said it will issue a separate notice if there are any subsequent adjustments.