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Standard Chartered Bank Announced The Completion of The First Interest Rate Swap

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Add date: 2016-11-25 Hits:76

Core prompt: Standard Chartered Bank (Hong Kong) announced the completion of the first interest rate swap contract priced based on the r

Standard Chartered Bank (Hong Kong) announced the completion of the first interest rate swap contract priced based on the renminbi-denominated Hong Kong interbank offered rate for a Hong Kong corporate client.

The 12-month interest rate swap contract is based on the benchmark of 3-month renminbi-denominated Hong Kong interbank offered rate.

This marks the offshore renminbi entered a new trading pattern in the process to go international.

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