RMB/Africa currency hedging sees ‘substantial’ growth in past 12 months


The rapid increase in China's trade with Africa has driven a "significant" growth in the number of renminbi-denominated hedging transactions across the continent, according to South African firm Absa Capital.

Figures from the Chinese government show that in 2011, two-way trade volume between China and Africa hit $166.3 billion – a year-on-year increase of 31%, which is nearly 9% above the country's overall growth rate.

According to Johannesburg-based Chris Paizis, head of the corporate sales and

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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