NOTHING TO BE WRITTEN IN THIS MARGIN
W(B)L 51-7406
CONFIDENTIAL
the Exchange Banks' Association, this has
nothing to do with the sterling agreement
(forward positions are completely excluded
from its scope) and, in our view, is a matter
exclusively for the Hong Kong banks (in many
OSA Countries there never has been a forward
market).
No comments yet.
Private notes are available after approval.