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Bank of China to clear SGX derivatives

Published Fri, Sep 19, 2014 · 04:00 PM

Singapore

SINGAPORE'S position as an offshore renminbi (RMB) hub got a boost on Friday with the Singapore Exchange (SGX) partnering the Bank of China (BOC), making the latter the first Chinese settlement bank for the SGX derivatives market.

The Singapore bourse operator said it will add three new Asian foreign exchange (FX) futures contracts - Chinese RMB (USD/CNH, CNY/USD), Japanese yen (USD/JPY) and Thai baht (THB/USD) to its offerings, available for trading from Oct 20.

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