• FCL Weighted Average Rate
  • CFETS USD Interbank Reference Offered Rate

About Foreign Currency Lending

    Foreign Currency Lending, which includes Credit Lending and Collateralized Lending, means short-term foreign currency financing between financial institutions to adjust their foreign exchange surplus and deficiency. Foreign Currency Lending members of CFETS can trade on foreign exchange trading system. Institutions that have been qualified for market access but have not yet been connected to the foreign exchange trading system can apply for the foreign exchange trading system terminal. Institutions that have not been qualified can apply to become FCL members of CFETS. 
    Currently the trading system supports foreign currency lending of USD, EUR, HKD, JPY, AUD, GBP and CAD. Tenor periods include fixed tenors of overnight (O/N, T/N, S/N), 1W, 2W, 3W, 1M, 2M, 3M, 6M, 9M 1Y (1W and longer tenor use T+2 as value date), and broken. Trading mode is bilateral transaction and bilateral settlement. Trading Hours are from Monday to Friday (excluding national holidays) Beijing Time 7:00-23:30.

Events

2018-09-03 10:59:40

CFETS introduced foreign currency lending panel bank business.

2018-07-23 09:00:00

CFETS introduced FCL collateralized by foreign currency bond issued abroad.

2018-07-09 10:58:36

The number of foreign currency lending members exceeded 500.

2018-07-02 15:31:04

CFETS and CFETS-NEX jointly released Interbank USD Lending Market Sentiment Indicator.

2018-01-19 18:14:20

Trading volume of foreign currency lending exceeded 50 billion US dollars.

China Foreign Exchange Trade System

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