KUALA LUMPUR: CIMB Bank and Standard Chartered Bank Malaysia have jointly completed the first MYR KLIBOR - USD Secured Overnight Financing Rate (SOFR) cross currency basis swap transaction with a USD100 million trade.
Standard Chartered’s financial markets (ASEAN excluding Singapore) head Sylvia Wong said being another first ringgit cross currency swap referencing USD SOFR, the bank continues its pioneering efforts in the Asian cross-currency derivatives markets.
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