Clearing & Settlement
Global Board Of Trade Ltd (GBOT) is the first international multi asset class Derivative Exchange from Mauritius to offer multi currency and multi-commodity settlement. Commodities derivative contracts GOLD, SILVER and Crude Oil (WTI) are cleared and settled in US dollars whereas Currency derivative contract USD-MUR is cleared and settled in Mauritian Rupees. Other currency derivative contracts such as EUR-USD, GBP-USD, JPY-USD and ZAR-USD are cleared and settled in US dollars.
GBOT has currently empanelled three Clearing Banks for the purpose of settlement of funds for pay-in/ pay-out and margin obligations of Clearing Members.
- SBI Mauritius
- Banque des Mascareignes
- Barclays Bank
GBOT also has a robust post trade risk management activities such as:
- Collateral Management
- Real Time Margining using CME SPAN
- Mark-to-Market Loss Monitoring