Banks' New Foreign Exchange Trading Guidelines

NEWS

• We recognise that all trading parties need to put emphasis and sensitivity on market risk and credit management issues during times of market volatility. When an individual currency is experiencing high volatility, intermediaries should pay special attention to the financing of trades in that currency.

• FX managers have a particular responsibility in the execution of orders at volatile times. Intermediaries should take care to discuss with customers the risks of operating in these environ

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