CFETS anticipated to introduce RFQ performance and extra currencies for non-deliverable forwards
China’s interbank international alternate platform is planning so as to add new execution functionalities for Chinese language banks taking part in its just lately launched non-deliverable forwards (NDF) buying and selling programme.
At present, onshore banks can solely negotiate these NDF contracts bilaterally, and the trades are then booked on the China Overseas Change Commerce System. The plan is to incorporate request-for-quote (RFQ) and price-streaming functionalities whereby worth negotiation and execution can happen
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