Banks kick off RMB interest rate options trading

Benchmark rate interest swap future adobe Stock 230x150
By Rebecca Feng
24 Mar 2020

A group of 23 banks and 12 securities houses completed 154 renminbi interest rate option (IRO) transactions worth Rmb12.8bn ($1.81bn) on Monday. The new derivatives product is viewed as a solid step for China’s interest rate reform.

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