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Kill you later accumulator. How Taiwan’s corporates and banks are still fighting it

Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?
Kill you later accumulator. How Taiwan’s corporates and banks are still fighting it

Last week, a group of Taiwanese victims of TRFs (targeted redemption forwards) – a derivative that paid the holder a monthly income as long as the renminbi remained above a trigger price against the dollar - went to the Forum of Straits Exchange Foundation to demand justice.

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