Deutsche Börse has signed a cooperation agreement with the People’s Bank of China to help set up a new interbank clearing house for over-the-counter derivatives.
The clearing house has been set up by four
Chinese central bank entities – the China Foreign
Exchange Trading System, China Government Securities Depository
Trust & Clearing Co, China Banknote Printing and Minting Co
and China Gold Coin Co, the nationwide bullion wholesaler
– to assist the People’s Bank as it aims
to centralise clearing and settlement services and restore
international trust to its OTC derivatives market.
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