Tag: Standard Chartered Bank

Standard Chartered, CCIL and IFSCA to open dollar clearing facility on October 7

Standard Chartered, CCIL and IFSCA to open dollar clearing facility on October 7

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Standard Chartered Bank, along with Clearing Corporation of India Ltd (CCIL) and International Financial Services Centre Authority (IFSCA) is set to open the dollar clearing facility in GIFT city on October 7, according P.D. Singh, chief executive officer (CEO)  “The entire dollar clearing that is happening in Gift City right now will move to this platform […]

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China moots yuan pooling scheme to counter U.S. dollar dominance

China moots yuan pooling scheme to counter U.S. dollar dominance

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The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC China’s central bank has signed an agreement […]

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