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一、人民币衍生产品发展现状(一)境外人民币衍生产品境外的人民币衍生产品形成于1996年,交易品种为人民币无本金交割远期(NDF)。形成初期的流动性很差,2002年以后交易量开始上升。到2003年,人民币无本金交割远期(NDF)合约交易额已达到1500亿美元左右。其中主要
I. Status Quo of the Development of RMB Derivatives (I) Derivative products of RMB denominated in foreign RMB derivatives were formed in 1996 with the symbol of RMB NDF. The initial liquidity was poor, and trading volume began to rise after 2002. By 2003, the transaction value of renminbi non-deliverable forwards (NDF) contracts has reached about 150 billion U.S. dollars. Among them major