Central Bank: Support further optimization of "swap through" mechanism arrangements

On May 13th, the People's Bank of China promoted the strategic deployment of China's financial marekt to open up to the outside world. First, it enriched product types and launched interest rate swap contracts with the settlement date of the international money market as the payment cycle, which were in line with international mainstream trading varieties to meet the diversified risk management needs of domestic and foreign investors. Second, it improved supporting functions, launched contract compression services and supporting historical starting interest contracts to facilitate participating institutions to manage the business scale of duration contracts, reduce capital occupation, and activate market transactions.