Currency markets
Financial institutions move to address funding squeeze in Asia
Funding dilemmas
Political crisis in Europe brings volatility back to forex options
Volatility returned to eurodollar last week, as forex traders priced further downside risk into euro options
Eurozone deal brings relief in forex spot and options
Risk sentiment appeared to make a comeback in forex markets yesterday, as options volatility fell from record highs and the euro rallied in response to the deal announced after the Euro Summit in Brussels
Options traders braced for further SNB intervention
Demand has switched from downside euro/Swiss franc options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
Renminbi internationalisation poses potentially fatal risks
Restraining the risks
Corporate FX hedging surges in Asia
Surge in structures
Offshore CNY deliverable forwards in Hong Kong to outgrow NDFs
Rising offshore renminbi interbank rates in Hong Kong have made its deliverable forwards market the cheapest forum compared with NDFs and onshore forwards for corporates to hedge, bankers say
Forex options clearing complicated by guaranteed settlement requirements
CPSS-Iosco guaranteed settlement requirements make foreign exchange options clearing more difficult, say participants
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but strips out explicit calls for an exemption
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
StanChart bests the rest for coporates derivatives in Asia
The standard bearer
Hong Kong seeks to create ‘fixing’ rate for offshore renminbi; move will bolster derivatives market
Hong Kong's efforts to create an offshore renminbi fixing rate are viewed as strategically important for the development of the offshore renminbi, with such a benchmark essential for the growth of CNH derivatives, say market experts
Structured hybrid products prove popular in Korea
Reinforcing structures
China gives the go-ahead to forex options and cross-currency swaps
Hedging gains currency
Nuclear risks cloud Japan's economic outlook
The nuclear question
Onshore forex options debut in China
Foreign exchange options debuted in mainland China today with a number of deals taking place. China now has an onshore market for forex forwards, forex options, forex swaps and cross-currency swap, offering market participants more hedging tools as the…
Deal-contingent trades see pick up in activity
The deal hunters
BoAML debuts cross-currency swap with corporate onshore in China
Bank of America Merrill Lynch has conducted what is believed to be the first currency swap in China with a corporate client after Safe gave the green light for such transactions to start trading on March 1.
Asia Risk FX Review & Outlook 2011
Renminbi restraints
FX risk tools grow as intra-Asia trade and investment soars
Intra-regional surge
Proof of exposure required before Indian companies can trade derivatives
New regulations will require Indian companies to prove they have an exposure that needs to be hedged
China plans onshore renminbi cross-currency swap
Chinese corporates will now have access to onshore and offshore hedging markets
‘Bizarre’ $555bn derivatives lawsuit in India rumbles on
Litigation claims fraud perpetrated by foreign banks and the RBI
Hedging strategies to exploit ‘currency war’
The spoils of war