The launch of a renminbi Taipei interbank offered rate (Taibor) fixing called CNT Taibor, sparks concern about fragmented liquidity pools, with different rates being offered in each offshore market.
The new fixing will start life on September 1 and comes just over a year after the first such launch, the CNH Hibor in Hong Kong, which already has a number of derivatives products referenced to it, such as interest rate swaps at tenors out to one year.
In Taiwan the formal benchmark is also expected
The week on Risk.net, October 6-12, 2017Receive this by email
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