China Foreign Exchange Trading Center: Continue to fully reduce and exempt interest rate swap transaction fees and contract clearing fees carried out by domestic and overseas institutions through the "Northbound Swap Link"
2024-05-13 09:21:55
On May 13, in order to reduce the cost of market institutions participating in business, the National Interbank Funding Center, Shanghai Clearing House and Hong Kong Over-the-Counter Clearing Co., Ltd. will extend the implementation period of the "Northbound Swap Link" preferential plan, < b > Continue to reduce the full amount of interest rate swap transaction fees and contract clearing fees carried out by domestic and overseas institutions through the "Northbound Swap Link", and extend the period for one year. In addition, the Northbound Swap Link contract compression business will be exempt from related fees in the early stage of launch.
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