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
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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:
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