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Bloomberg First to Deliver China Interbank FX Rates Globally

November 29, 2012

Hong Kong, London — Bloomberg today announced the first global,
real-time data service that provides investors access to live
interbank pricing for China’s onshore renminbi (CNY) market.
This service captures currency trading activity among banks and
financial institutions in China, and is provided through the
China Foreign Exchange Trade System (CFETS), the official
interbank trading and foreign exchange (FX) division of China’s
central bank.

“The addition of the CFETS data gives investors insights into
real-time tick-by-tick movement, volumes and market participant
information in China’s onshore interbank market,” said Tod Van
Name, Bloomberg’s Global Head of FX, Economics and Commodities.
“Given the rapid internationalization of the Chinese Yuan, this
data is imperative to global markets as it provides our clients
greater transparency for smarter and more timely trading,
hedging and investment decisions.”

Global currency traders, corporate treasurers and institutional
investors can now view executable quotes and trades on the
interbank dollar-yuan spot, swap and forward markets. The CFETS
data service also features the best renminbi spot prices from
participating banks, historical trade sizes, and eight other
renminbi currency pairs. Combined with Bloomberg’s FX suite,
market participants can connect to global counterparties and
liquidity, and access Bloomberg’s global FX trading community.

“The provision of real-time China interbank FX rates to
international investors is yet another step in the right
direction,” said Sam Phoen, head of global markets, ANZ bank
(China). “Onshore corporations and investors will benefit from
real-time executable rates, while offshore players who are
invested in China will have better visibility when hedging
against movements of the renminbi.”

According to CFETS’ publication ChinaMoney, with renminbi cross-
border inflows and outflows intensifying in 2012, development of
the offshore renminbi market will drive domestic financial
market reform, and aid in a fair and transparent price discovery
process for renminbi foreign exchange rates.

“BNP Paribas is one of the first international banks to access
Bloomberg’s CFETS service,” said Julien Martin, Deputy Head of
Fixed Income, BNP Paribas China. “Offshore players can now
access accurate interbank dollar-yuan rates that better reflect
market conditions, providing investors with a critical edge in
foreign exchange transactions amidst today’s volatile trading
environment.”

This announcement follows Bloomberg’s leadership in the
evolution of the offshore renminbi (CNH) market, which includes
the development and adoption of the CNH code, provision of its
price history and introduction of the offshore renminbi bond
listing and index.

Bloomberg Professional service subscribers can access this new service via {CFMM}. Clients and prospects can get more information by contacting the following Bloomberg sales executives:

-Asia Pacific – Grant Coombe, gcoombe@bloomberg.net, +65-6212-
1809

-Europe – Mark Flatman, mflatman@bloomberg.net, +44-20-7330-7882

-United States – Matthew Rees, mrees1@bloomberg.net, +212-617-
2339

About Bloomberg

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Media Contacts

APAC – Belina Tan, belina.tan@bloomberg.net, +65-6231-3637

EMEA – Catrin Thomas, cthomas106@bloomberg.net, +44-20-7392-0673

U.S. – Sabrina Briefel, sbriefel@bloomberg.net, +212-617-1993