First non-deliverable RMB rate swaps traded
The first of the two deals is a three-year transaction, valued at RMB100 million ($12.5 million), between the two banks. Here, Standard Chartered is paying HSBC a fixed interest rate at 3.09%, while HSBC pays a floating rate. The broker is Nittan Capital Asia.
In the second trade, HSBC is counterparty to an undisclosed corporate client. As part of the one-year transaction, valued at RMB10 million, the bank will receive a floating interest rate and pay a fixed rate in return.
Michael Bass, global
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com