Malaysia's Bursa Derivatives to Start Accepting Yuan as Margin Collateral
Bursa Malaysia Derivatives Berhad, which sets the global benchmark for crude palm oil, will start accepting Chinese yuan as margin collateral for trading in the Malaysian derivatives market, Yusli Mohamed Yusoff, chief executive officer of the bourse, said today.
“This move signifies the importance of China traders participating in our market,” Yusli said at a contract-signing ceremony with the Dalian Commodity Exchange in Guangzhou today. “Hence we have made the Malaysian futures market appealing and accessible, via accepting the Chinese currency RMB as margin deposit.”
The measure will begin this month, Ong Kheng Kok, manager of clearing and settlement, said in interview without elaborating.
To contact the editor responsible for this story: Bloomberg News at rdobson4@bloomberg.net
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