People’s Bank of China, Circular on Matters Relevant to the Engagement in Renminbi Interest Rate Swap Business
中国人民银行关于开展人民币利率互换业务有关事宜的通知
Interest rate swaps allowed for all market participants in the national interbank bond market.
Date:
April 2008
CLP Reference: 3600/08.01.18
Promulgated: 18 January 2008
Effective: 18 February 2008
Keywords (click to search): [renminbi interest rate swap] [national interbank bond market] [market maker]
Issued: January 18 2008
Effective: 30 days after the date of issuance
Applicability: The term “renminbi interest rate swap” (Interest Rate Swap) refers to a financial contract whereby both parties to the transaction agree to exchange their interests calculated according to the agreed renminbi principal and interest rate within a certain time period in the future.
To continue reading this article, you must be a subscriber.
The rest of this article is available to subscribers only. Subscribe now to continue reading this article and to have full access to all other articles and full-text translations.