Shanghai Clearing House Partners with R5FX for Cross Border Clearing

[kreslik.news]

In what is a first in China, and yet another step in the ongoing process of renminbi internationalization, the Shanghai Clearing House is launching the first cross-border foreign exchange clearing platform.

The project is expected to be deployed next month. London-based R5FX is actively participating in the development and realization of the first Chinese cross-border foreign exchange clearing solution. The company already has expertise in the field with its clearing platform for EMFX traders.

The Shanghai Clearing House will deploy trade clearing infrastructure within mainland China, as R5FX opens access to its clearing infrastructure in London and several other international markets where ... (read more)