M2 EQUITYBITES-June 27, 2019--MUFG to become yuan
clearing bankThose that have said yes have been given details of a bank account with a mainstream bank, saying that it acts as a
clearing bank for Brexit Bank.
NEW YORK: For the fifth consecutive year, Citi has once again been awarded Derivatives
Clearing Bank of the Year by GlobalCapital.
After reviewing the options, we advised the best approach would be to combine investment from a
clearing bank and a debt fund.
First, as long as a dealer had securities at the
clearing bank to serve as collateral, the
clearing bank was willing to extend intraday credit to that dealer to settle tri-party repo trades.
The Argentine unit of the ICBC, China's largest lender by assets, will be the country's yuan
clearing bank, the People's Bank of China (PBOC) said in a statement.
Australia's top finance and government officials joined the Bank of China president in Sydney officially announce the Bank of China's Sydney branch's appointment as the
clearing bank for the local renminbi (RMB) market in Australia.
Industrial and Commercial Bank of China's (ICBC) Doha branch is the
clearing bank for the centre, which intends to serve companies from around the Middle East.
Industrial and Commercial Bank of China's Doha branch was appointed as the
clearing bank for Yuan deals in an agreement signed in November.
The central bank said on Sunday that it would appoint the Canadian branch of the Industrial and Commercial Bank of China Ltd (ICBC) , China's largest commercial bank, as the hub's
clearing bank.
Five offshore jurisdictions now have a
clearing bank with direct links to the PBC and onshore Chinese interbank markets: Hong Kong (since 2003), Macau (2004), Taiwan (2012), Singapore (2013), London (2014) and Frankfurt (2014).
23 September 2013 a[euro]" Russian non-commercial partnership (NP) RTS could acquire Alor Bank from Alor Invest Ltd in a drive to create a
clearing bank, local daily Vedomosti said on Monday, quoting an insider.