Foreign corporates rally round new Thai baht hedge rules

- By Chris Davis
- 02 Mar 2021

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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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