促进价格发现 交易商协会完善信用违约互换信息服务

Core Viewpoint - The China Interbank Market Dealers Association has issued a notice to enhance the development of credit risk mitigation tools in the interbank market, aiming to improve market price discovery mechanisms [1] Summary by Relevant Sections Development of Credit Risk Mitigation Tools - The notice combines domestic and international market trends with the actual needs of market participants to optimize the pricing mechanism for credit risk mitigation tools [1] - It introduces the publication of transaction price information for contract-based credit risk mitigation tools and adds intention-based quotes that can be converted into actual transactions to cultivate market pricing capabilities [1] Responsibilities and Quality Improvement - The notice clarifies the rights and obligations of quoting institutions, enriches business information convenience, strengthens self-regulatory management requirements, and enhances the quality of quotes [1] - It also optimizes the curve generation method to improve the quality of pricing curves [1] Market Transparency and Activity - The association aims to continuously optimize the supporting mechanisms for the market, enhance the application of actual transaction prices, improve market transparency, and stimulate market vitality to promote high-quality development of the credit risk mitigation tools market [1]