China Waits On CCP Before IRS E-Roll Out

06 Jul 2012

The Chinese authorities will wait until the development of the nation’s central clearing counterparty before rolling out an electronic confirmation matching system across the onshore yuan interest rate swap market.

The Chinese authorities will wait until the development of the nation’s central clearing counterparty before rolling out an electronic confirmation matching system across the onshore yuan interest rate swap market.

A senior market official in Hong Kong said the China Foreign Exchange Trade System does not think there is ...

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