BAP launches dollar-peso cross currency swap market

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Canada News News

Major domestic and international banks can now undertake transactions using a new dollar-peso cross currency swap market that was recently rolled out by the Bankers Association of the Philippines. | miguelrcamusINQ /PDI

The dollar-peso cross currency swap market will be supported by the fixed-income trading platform of Bloomberg, the US-based financial technology and media giant. This means trading is only allowed for qualified participants and subscribers of Bloomberg.

This project was led by the BAP’s open market committee, which has been working on the program since last year. It is one of the major projects being implemented under the term of BAP president Jose Teodoro “TG” Limcaoco, who was named chief of the influential banker’s organization last March. The BSP said in a statement the initiative will allow its members to better manage foreign exchange and interest rate risks.Subscribe to our daily newsletter

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BAP launches US dollar-peso cross currency swap marketThe Bankers Association of the Philippines (BAP), on Monday, June 26, announced the opening of a US dollar-peso cross currency swap (USDPHP CCS) market for an initial seven banks as regular market makers. | ManilaBulletin READ:
Source: manilabulletin - 🏆 25. / 51 Read more »

Philippine banks launch dollar-peso cross currency swap marketThe Bankers Association of the Philippines said Monday it launched the dollar-peso cross currency swap market in line with its
Source: MlaStandard - 🏆 20. / 55 Read more »