PIPS

PIPS

ACI's Committee for Professionalism recommends that parties to Malaysian ringgit transactions close-out the outstanding transactions based on a fair and equitable method of valuing future payment in order to determine discounted future cash flows. The CFP urges that all parties net outstanding trades and settle the difference in alternative currencies. A proposed date for making the net payment is set for September 8. Additionally, the Singapore FX Market Committee has agreed on a set of gu