FX Week

Japanese Banks Embrace Netting As U.S. Banks Scramble To Sign Deals


Leading Japanese players in foreign exchange are entering bilateral netting agreements with major U.S. banks but so far only the Bank of Tokyo has gone beyond the minimum steps, sources say. Bank of Tokyo has entered novation contracts with Citibank and Chemical Bank, having earlier signed up to use FX Net, the bank consortium that runs a bilateral foreign exchange netting service based on the novation method of netting (FX Week, January 24).

The Japanese banks' hesitancy may in part be due

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: