THE Bankers Association of the Philippines (BAP) on Monday launched a dollar-peso cross-currency swap market (USDPHP CCS) aimed at allowing its members to manage foreign exchange and interest rate risks.

The USDPHP CCS market, the BAP said in a statement, will be guided by Bangko Sentral ng Pilipinas rules as well as the International Swaps and Derivatives Association's foreign exchange code.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details