FX Week Asia: Exemptions offer little solace for corporates
The increased costs of currency hedging as a result of mandatory central clearing, reporting and collateralisation remains a major concern for corporates, despite the fact they will be exempt from some of the requirements, according to speakers at the FX Week Asia conference in Singapore yesterday.
"There is a great deal of confusion about what exemptions will and will not be given, but even if we are exempted from a particular requirement, the financial institutions we're dealing with will not
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