CIMB Group treasurer Chu Kok Wei (pic) said CIMB Bank had also concluded its first local interbank USD SOFR interest rates swap that is centrally cleared through London Clearing House.
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 US$100mil 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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