Offshore RMB clearing hubs could add transaction risk.

• Autores: Ashley Lee
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article analyzes the potential of Chinese offshore renminbi (RMB) clearing process to increase transaction risk due to the currency's lack of a natural home. Topics discussed are the timing for settling offshore RMB clearing banks and concerns on currency disruption. Possible solutions to a transaction risk are suggested including the creation of a common clearing network such as the China International Payment Platform (CIPS).