A version of this article first published on FinanceAsia sister publication, CorporateTreasurer.
The northbound channel of the world’s first derivatives mutual market access programme, Swap Connect, went live yesterday Monday, May 15, offering access to China’s renminbi-denominated interbank interest rate swap IRS markets.
Jacky Mak, head of Fixed Income and Currency FIC Product Development at Hong Kong Exchanges and Clearing HKEX explained to FinanceAsia that the scheme offers participants the ability to trade and clear onshore renminbi-denominated IRS “without having to change their existing trading and settlement practices”.
“With the increased participation of international investors in China's fixed-income...
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