StanChart, IFC show way forward for US-China currency hedging
Standard Chartered and the International Finance Corporation (IFC) have traded the first offshore USD/CNH cross currency basis swap (CCS) referencing Loan Prime Rate (LPR) and LIBOR.
Being termed as LPR USD/CNH CCS, this tailored hedging solution allows the IFC to offer local currency lending in China in support of the LPR index.
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