StanChart closes its first USDCNY forward trade in SG

Noah Sin

May 26, 2017 04:00 am

StanChart 230x150 — A sign of Standard Chartered bank is seen at its headquarter in the City of London, Tuesday, Aug. 7, 2012. | Sang Tan/ASSOCIATED PRESS

Standard Chartered has become the first non-Chinese bank in Singapore to close a dollar-renminbi FX forward trade via the onshore China Foreign Exchange Trade System (CFETS), the firm said in a statement on Thursday.

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China UK EMEA Derivatives Hong Kong SAR Asia Greater China Standard Chartered Southeast Asia Northeast Asia China Derivs - FX Singapore Asean Asia Pacific Europe Emerging Markets

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Noah Sin