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

April 02, 2008 | BY

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Interest rate swaps allowed for all market participants in the national interbank bond market.

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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