LCH is confident in Apac’s swaps and derivatives market, and has been working to localise its products. Having more local banks onboard is one of the approaches.
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.
Hong Kong and Singapore might present themselves as the only spots to host RTCs. But corporates say setting up in China's capital can see a treasury unit play another role entirely...
CT's Working Capital Chronicle has been updated. New deals include: Singapore Airline's new FX payments facility; Toyota's new derivatives reporting platform; and LyondellBasell Industries' cash management solution.
Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.