The Business Times
business-time-50

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.

TRENDING NOW

Broadcom CEO Hock Tan (left) and Intel CEO Lip-Bu Tan (right) in a panel discussion moderated by DBS’ CEO Tan Su Shan.

Companies still in search of AI use cases with worthwhile ROI, says Broadcom’s CEO

The eight-storey Beauty World Plaza sits on a 24,817 square foot site in Bukit Timah, on the doorstep of the Beauty World MRT station.

Beauty World Plaza up for collective sale for S$165 million

Lines of motorcycles and cars spilled onto Bali’s public roads, disrupting traffic, with some motorists forced to push their vehicles after running out of fuel.

Trouble in paradise: Bali runs low on fuel, sparking long lines at pumps

First Gen is expanding its geothermal business, rejecting an offer for its EDC subsidiary from Indonesia’s renewables giant Barito Group .

Philippine power giant First Gen rebuffs foreign offers, plans up to US$2.6 billion in expansion 

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More