Core Points - The announcement aims to promote the development of credit risk mitigation tools in the interbank market and enhance market price discovery [1][2] - The new rules require quoting institutions to submit quotes for standard contracts that meet specific criteria on the NAFMII comprehensive platform [1] - Quoting institutions must provide bilateral quotes for a mandatory list of 36 reference entities, covering various maturities [1][2] Group 1 - Quoting institutions are required to submit quotes daily from 8:30 to 16:30 on the NAFMII platform, with options for intention-based or reference-based quotes [1] - Intention-based quotes are displayed on approved trading platforms, allowing market participants to finalize contract terms, while reference-based quotes are used solely for generating credit default swap curves [1] - Institutions must select at least 24 reference entities from a supplementary list and provide bilateral quotes for these entities, with maturities including but not limited to 6 months, 1 year, 2 years, and 3 years [2]
交易商协会完善银行间市场信用违约互换信息服务
Xin Hua Cai Jing·2025-08-04 10:06