Total Derivatives: Onshore CNY IRS clearing threat

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Total Derivatives: Onshore CNY IRS clearing threat

Jin Mao Tower Shanghai_230px

A rapidly approaching deadline for the mandatory clearing of onshore CNY interest rate swaps (IRS) threatens market access for a number of large international banks. Earlier this week the People’s Bank of China (PBoC) detailed China's latest targeted easing move, but the rates market kept its focus on recent strong data, writes Maia Ririnui of Total Derivatives.

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