Chase Promotes New Derivative Product In Bid To Address FX Risk

BANKS

Chase Manhattan Bank has decided to promote a foreign exchange derivative called a contract for difference (CFD) in response to mounting pressure from regulatory authorities to reduce forex settlement risk. The bank has issued a paper that claims CFDs can eliminate as much as 95 per cent of the payments that settle the roughly $1 trillion that flows through the forex markets daily.

However, other industry sources caution that banks are too busy sorting out other operational issues to start tr

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: