Chinese and foreign banks still at loggerheads on parent guarantees

shanghai-bund-district-2009

Foreign banks such as Standard Chartered, HSBC and BNP Paribas are making slow progress in China in signing what is considered the closest equivalent to a Chinese version of the International Swaps and Derivatives Association master agreement with their Chinese bank counterparts. Nearly two months have lapsed since a mid-September deadline by which all banks should have signed up if they wanted to continue trading derivatives in China. 

The signing of the new derivatives master agreement, publis

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