To boost use of the system during the first month, HSBC has said it will waive fees on euro clearing transactions.
Becoming a direct participant in Hong KongÆs local euro clearing system complements HSBC's existing US dollar and renminbi systems and comes about a year after the bank was reappointed settlement institution SI in Hong Kong. A settlement institution is a bank that provides settlement accounts to the participants and to any central counterparty in the system for the settlement of...
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