Taiwanese banks push for market disruption amid rising TaiFX

Dollar_telescope_Fotolia_230x150
By Pan Yue
30 Mar 2020

Taiwanese banks have triggered a market disruption clause on a recent loan signed by Indonesian company BFI Finance. The move, which allows lenders to increase the margins they earn on deals, is being considered for numerous other transactions too, GlobalCapital Asia understands.

Local dollar funding costs for Taiwanese banks have soared recently. After reaching the year’s lowest level of 0.6% on March 16, the three month TaiFX rate jumped dramatically the next day to 2%. It has been hovering around 2.4% to 2.5% this week, according to data published on ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial