Anticipated FSC directive on TWD rate of interest swaps may spur progress in FX clearing, say financial institution execs
Worldwide banks are dashing to turn out to be clearing members at Taiwan Futures Trade (Taifex) forward of an anticipated directive from Taiwan’s monetary regulator that can make it necessary for banks to centrally clear their New Taiwan greenback (TWD) rate of interest swap trades. Some sellers predict it may additionally result in an growth of international alternate derivatives clearing within the nation.
Market individuals count on Taiwan’s Monetary Supervisory Fee to make a proper announcement establishing a
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