Foreign corporates rally round new Thai baht hedge rules
Cheaper onshore pricing draws non-Thai corporates to Bank of Thailand’s new FX hedging scheme
Foreign corporates are signing up to a Bank of Thailand scheme for trading Thai baht derivatives with local institutions under new rules to provide offshore businesses with greater flexibility to manage currency hedges.
Already, 10 non-financial corporates have registered under the Non-resident Qualified Company scheme since the central bank published its new hedging rules for NRQCs on January 5, says a central bank spokesperson. The rules now allow non-resident companies to hedge an underlying
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