Bank Negara’s rate-swap move lauded

The move by Bank Negara (pic) allows onshore banks to gain access to the non-deliverable interest rate swap (NDIRS) market, which would boost liquidity and diversity, analysts led by Winson Phoon wrote in a note.

KUALA LUMPUR: Bank Negara’s move to liberalise the interest-rate swap market will help lower hedging costs and reflects efforts to address concerns raised by investors in FTSE Russell’s review, according to Maybank Kim Eng Securities.

The move allows onshore banks to gain access to the non-deliverable interest rate swap (NDIRS) market, which would boost liquidity and diversity, analysts led by Winson Phoon wrote in a note.