Documentation concerns slow CNY forex derivatives growth

Foreign fund managers need clarity before market can take off, say banks

renminbi-notes
Dealers say uncertainty over master agreements is hindering China's move to liberalise the market

Documentation issues are preventing global fund managers from taking advantage of China’s moves to open its onshore foreign exchange derivatives market to allow for hedging of positions on the local interbank bond market. 

International derivatives users typically trade under an International Swaps and Derivatives Association master agreement, but local banks usually have to use one from the Chinese equivalent, the National Association of Financial Market Institutional Investors (Nafmii). Many

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: