Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
A rare week of good news has convinced some FX strategists to revise their forecasts, but it still makes sense to short the yuan while being prepared for moves in sterling and the US dollar
Corporate treasurers and CFOs are backing a weaker renminbi in 2019, betting the People’s Bank of China will weaponise the currency to fight the escalating trade war.
Markets are skittish, prone to starting at shadows or gorging themselves on rumours. Is China’s ‘counter-cyclical bounce’ just the latest piece of scuttlebutt to affect the currency or is the writing on the wall?
If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.
A 20% reserve requirement set by Chinese regulators on dollar/Rmb forward contracts has an instant impact. As predicted, futures contracts are moving offshore.
Notional cash pooling avoids the physical transfer of foreign exchange, reducing FX risk. The US tech manufacturer's Yvione Zhou explains how it works in Asia.
How does a US firm's Asia treasurer manage geopolitical risk, keep treasury functioning 24/7, and why is he scoping out a treasury management system. CT talks to Christopher Emslie.