彭博率先支持“互换通” LPR1Y挂钩利率互换合约的首日交易

Core Viewpoint - The article discusses the launch of interest rate swap contracts linked to the one-year Loan Prime Rate (LPR1Y) under the "Northbound Swap Connect," aimed at meeting the diverse risk management needs of overseas institutions [2][3]. Group 1: Introduction of LPR1Y Interest Rate Swaps - The People's Bank of China has approved the trading and centralized clearing of interest rate swap contracts linked to LPR1Y, effective immediately [2]. - Bloomberg has initiated support for the first day of trading for these LPR1Y-linked swap contracts [2]. Group 2: Bloomberg's Role and Enhancements - Bloomberg's IRS trading portal now supports various financial instruments in the onshore derivatives market, including the newly added LPR1Y interest rate swaps [2]. - Bloomberg has previously upgraded its "Swap Connect" solution to support IRS contracts with settlement dates aligned with the International Monetary Market (IMM) and to allow early exit from contracts through compression services [3]. - The integration of LPR1Y interest rate swaps into Bloomberg's existing "Swap Connect" solution provides investors with precise long-term investment matching tools without altering current workflows [3]. Group 3: RFQ Workflow - Authorized Bloomberg terminal users can initiate requests for quotes (RFQ) from a list of approved onshore dealers by the People's Bank of China, allowing them to receive pricing and necessary transaction execution information [6].