Korean banks share info on FX derivatives

- By FX Markets Staff
- @FXMarkets_
- 24 Nov 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The move by the Financial Supervisory Service (FSS) and the Korea Federation of Banks came as the won hit a 10-year low against the US dollar, which pushed some exporters to the brink of bankruptcy due to losses on oversized derivatives positions.

On November 20, the won breached the 1500 level against the greenback, trading around 1508.72 by 2:05pm GMT.

Banks are sharing information to prevent exporters conducting derivatives trades with multiple dealers that ultimately leave them with outsized

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.

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

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

Sorry, our subscription options are not loading right now