China's FX derivatives protocols 'must be clarified', say speakers
Speaking at the FX Week China forum in Beijing last Wednesday (May 13), a panel of legal advisers and those in the banking industry said the domestic market is confused by overlaps between the RMB Foreign Currency Forward and Swap Master Agreement (RMB Master Agreement) and the National Association of Financial Market Institutional Investors Master Agreement (NAFMII Master Agreement).
The RMB Master Agreement was created in July, 2006 by the China Foreign Exchange Trade System and details
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