HSBC approved to provide credit risk swap service

The governor of the State Bank of Vietnam has given an approval to the two Hanoi and Ho Chi Minh City-based branches of the Hong Kong and Shanghai Banking Co-operation (HSBC) Vietnam to continue providing credit risk swap service on a trial basis.

Customers of this kind of service will be expanded to enterprises and investment funds established under Vietnamese laws.

The SBV governor has also agreed on HSBC Vietnam's supply of credit risk swap service to bonds and valuable papers issued in Vietnam to customers who are enterprises, investment funds established under Vietnamese laws and investment funds established under foreign laws and which are having indirect investment activities in Vietnam.

ND

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