China Insurance Regulatory Commission, Circular on the Engagement in Interest Rate Swaps by Insurance Institutions

中国保险监督管理委员会关于保险机构开展利率互换业务的通知

All insurance institutions allowed to conduct interest rate swaps.

1 minute readSeptember 04, 2010 at 12:58 AM

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Issued: July 14 2010

Applicability: The term “interest rate swap” refers to a financial contract whereby both parties to the transaction agree to exchange interest calculated according to the agreed principal and interest rate within a certain time period in future (Article 1).

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