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high quality apple developer account:Bank Negara relaxes ringgit-denominated interest rate swap trade for non-resident banks

admin2021-03-1151

KUALA LUMPUR (Reuters) - Bank Negara said on Wednesday non-resident banks may trade ringgit-denominated interest rate swap (IRS) without any underlying commitment with any onshore bank or their appointed overseas offices starting March 15. "This flexibility will encourage the participation of non-resident banks in the onshore IRS market, thus promoting a more liquid domestic market to lower hedging costs for corporates and asset managers, and funding costs for onshore banks," Bank Negara said in a statement.
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