StanChart and HSBC trade first non-deliverable RMB rate swap

News

pg6-bass-gif

HSBC and Standard Chartered Bank have traded what they believe to be the first renminbi (RMB) non-deliverable interest rate swap. The RMB100 million ($12.5 million) transaction has a three-year tenor and involves Standard Chartered paying a fixed rate of 3.09%, in return for a floating rate paid by HSBC. Nittan Capital Asia brokered the trade.

"The RMB non-deliverable interest rate swap has been developed by the Treasury Markets Association (TMA) to match the needs of the market, since variou

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

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: