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HK’s TMA Unveils CNH Spot Fixing

Hong Kong’s Treasury Markets Association introduced USD/CNH spot fixing on June 27, 2011.

Hong Kong’s Treasury Markets Association (TMA) introduced USD/CNH spot fixing on June 27, 2011, FX Week reports. TMA will compile and publish the rate on the basis of quotes from 15 banks globally.

Thomson Reuters will be the calculating agent for the computation and dissemination of the new spot fixing. The fixings will help derive new derivatives instruments.

Click here for the story from FX Week.

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