Featured Blogs
Top Traders Are a Cot Above The Rest
Views: 6454
Comments: 9
The Writing is On The Wall
Views: 3814
Comments: 18
How The CPU Terminated The Corn Broker
Views: 3589
Comments: 10
Why Farmers Have More 'Tweet Cred' Than Forex Traders
Views: 2705
Comments: 1
USDA Chief Says Social Media is Important for Farmers
Views: 2183
Comments: 3
Post Comments
CME Clearing to Accept Offshore Chinese Renminbi (CNH) as Collateral for Futures Trading
Posted: 12/04/11
By: tomgrisafi
CME Group announced over the weekend that it will include offshore Chinese Renminbi (CNH) in the range of instruments to meet performance bond requirements on all exchange futures products cleared through CME Clearing, effective January 2012. The company also announced with HSBC Global Banking and Markets that HSBC Hong Kong will serve as CME's first Far East clearing custodian in Asia.
CME Clearing and HSBC have built the operational framework enabling HSBC Hong Kong to hold CNH deposits from CME Group clients and to use those deposits as collateral.
Kim Taylor, President, CME Clearing, said: "As our business in Asia grows, we are looking at ways to provide services that fulfill the needs of our increasingly diverse customer base. We are delighted to partner with HSBC in Asia to inaugurate this new service and look forward to adding further asset types and currencies over time."
Diane S. Reyes, Global Head of Payments and Cash Management, HSBC said: "This new partnership with CME represents a significant development for our business and acknowledges HSBC's leadership position in the development of the CNH market. The agreement between CME Clearing and HSBC Hong Kong, the first of its kind, will provide CME and its members with access to this increasingly dynamic region."
2 Comments
Guest
Posted: 05/18/12
yxM0r3 , [url=http://sevkdsierrfc.com/]sevkdsierrfc[/url], [link=http://rjbxjborshyn.com/]rjbxjborshyn[/link], http://whkaaddnbazv.com/
Advertisers
Advertise your company today at IndianaGrain.com! Contact us now for more information.
Guest
Posted: 05/16/12
I'm the editor of Computerworld Hong Kong, and we will be addnessirg this in our magazine, possibly in print, possibly online, haven't decided yet. I don't understand why HSBC is backsliding note that Safari is also now banned for VBV-transactions.As someone who's worked in media for some time, let me give you my two cents on How To Complain:1) if you are an HSBC customer, log on to your secure account and send them email via that route. they have a drop-down menu to route mail: select Credit Cards:2) alternatively, tell them that you're transferring your account to (another bank in HK, there are plenty) and ask to set up an appointment to do so.3) if you're not a customer, write/call/email (or all three). if calling, ask to speak to the credit card person and ask them to explain which browsers they support and why.4) you can contact me with any feedback, just let me know if you want to remain anonymous if i use it in my reporting. i'm shammond (at) questexmediaasia (dot) com.Hong Kong business DO respond to pressure. but the pressure needs to be REAL.Stefan Hammond