Reuters and HK TMA launch Renminbi swap offer rate fixing
Reuters and the Hong Kong Treasury Markets Association (TMA) launched a renminbi swap offer rate fixing on December 18.
The TMA has developed the fixing to serve as a market-based floating-rate benchmark for non-deliverable RMB interest rate swaps. The association appointed Reuters as the calculating agent for the computation and distribution of the fixing.
The TMA will also introduce the US dollar
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