Similar to the FX Global Code, the Standards include a “Statement of Commitment” form, allowing market participants to voluntarily sign up.
July 12, 2023Dollar-peso cross currency swaps involve a Philippines peso fixed rate and a SOFR-based US dollar floating swap.
June 29, 2023In designing the standards, the GDF has leveraged the framework and high-level principles existing in the FX Global Code.
January 9, 2023MUFG says CLSNet will enable it to improve operational efficiency and reduce risk for currencies that are not currently eligible for CLSSettlement.
December 2, 2022The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.
July 1, 2022From 2025 onwards, adherence to the Code will become a prerequisite for the BOT’s foreign exchange counterparties.
February 8, 2022Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
January 28, 2022Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.
December 21, 2021Jimmy Ho and Sammie Chan discuss Metrobank’s adoption of PvP settlement and how it reflects a broader trend in the Philippine banking industry.
September 14, 2021The GFXC is providing templates for disclosures on algo due diligence and TCA data, as well as disclosure cover sheets for liquidity providers and electronic trading platforms.
August 25, 2021