NO 250 – DECEMBER 2013

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Johannesburg Stock Exchange offers Quanto currency futures for Euro/Dollar exposure

In a move to encourage more private investors to embrace currency derivatives, the Johannesburg Stock Exchange expanded its Quanto derivatives range to include a currency contract based on the Euro/Dollar exchange rate, the world’s most actively traded currency pair. Quanto derivatives are futures where the underlying product traded follows the movements of a foreign asset, but the instrument itself is settled in another currency. Quanto derivatives traded on the JSE will be settled in Rand, even though they track the movements of the prices of the Euro which is quoted in US Dollars.

Singapore Exchange lists first Chinese bank’s bond

The Singapore Exchange listed the first Chinese Bank’s renminbi bond. The bond issue is settled and cleared in RMB via SGX’s Central Depository.