Corporates face 'disaster' on renminbi Tarfs, say traders

Some companies "may run out of cash"; regulators said to be looking at new restrictions

renminbi-notes
Weakening Chinese currency spells trouble for Tarfs

The continuing depreciation of the renminbi has left corporates with exposure to structured products linked to the currency facing heavy potential losses – or even bankruptcy – if it loses more ground to the US dollar, according to traders in the region. As a result, some say regulators are set to place further restrictions on the product.

Since the start of the year the Chinese currency has dropped more than 2%, after already falling 4% in August following an unexpected devaluation by the Peopl

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