Tag: trade settlement

The offshore renminbi interbank offered fixing rate is now in swing. Limited liquidity will impact the ability to produce hedging products on the back of it, at least for the short-term, experts note.

Two landmark OTC trades based on the offshore renminbi interbank lending benchmark were readied last week. However, lack of overall liquidity meant the one-year deals were based on three-month lending data.

The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) both announced plans that could further open up the marketplace for offshore renminbi in Hong Kong.

Offshore renminbi deposits in Hong Kong fell in September as did the the city's market share in trade settlement.

What does it mean that Taiwan as signed an MOU with China to settle renminbi onshore? CT asks a panel of experts.

Taiwan’s central bank has agreed with its counterpart in China to create renminbi clearing in Taiwan. Trade settlements could shoot up to $12 billion by the end of the year as a result.

Hong Kong-listed aluminium producer RUSAL's CFO discusses the company's cash flow, FX risk, payment structure and business in renminbi.