Remittance Network February 5 (Bernama) - China Foreign Exchange Trading Center (hereinafter referred to as ‘trading center’ launched last year basis standardization RMB interest rate swap transaction on the advanced experience at home and abroad, and solicit the views of market members, active and innovative, in 2015 Launched standardization yuan foreign exchange swaps February 16 at the interbank foreign exchange market. standardize RMB and foreign exchange swaps through new forex trading system based on bilateral credit to automatically match the offer C-Swap function modules (hereinafter ‘ C-Swap function module ‘to achieve.

www.getinews.com/). Second, with the offer with the amount of function in the transaction process traders simply focus on price and quantity of all other elements automatically filled by the system. Third, C- Swap function modules implement anonymous transaction, any renminbi foreign exchange swaps can be active members of quote.

In terms of the participating institutions, all RMB foreign exchange swap market members can use the default C-Swap function modules, the new member will automatically swap market opened C-Swap function module privileges in trade patterns, to implement relationship-based credit Click automatic matching offer combined turnover of trading patterns in terms of offer variety, the initial offer price of RMB against the US dollar market best forex swaps most commonly used term of eight varieties and transaction price. trade confirmation and settlement issues, use the existing foreign exchange swaps trade confirmation and settlement of transactions and other processes unchanged.

By C-Swap function modules, introduced standardized RMB foreign exchange swaps, the trading center of the implementation of ‘a variety of techniques, a variety of transactions, different levels to meet market demand,’ the initial results of operations guidelines. Trading Center will focus on building the world ‘RMB main trading platform and related products and pricing center’ strategic goals and continue to promote innovative trading products and mechanisms to promote the healthy development of China’s interbank foreign exchange market.

Source: China Foreign Exchange Trade Center site

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