Kill you later accumulator. How Taiwan’s corporates and banks are still fighting it
Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?
Last week, a group of Taiwanese victims of TRFs (targeted redemption forwards) – a derivative that paid the holder a monthly income as long as the renminbi remained above a trigger price against the dollar - went to the Forum of Straits Exchange Foundation to demand justice.
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