The Primary Dealers Association is meeting industry experts on Tue. to discuss ways to promote interest rates swaps and forward rate agreements.
Talks by resource personnel invited by the association will centre on International Swap Dealers Association master agreement, taxation, accounting and documentation issues that prevent these two derivative instruments from flourishing.rn
rnThe three-hour brainstorming session is expected to bring out a framework to create a market appetite for hedging instruments. rn
rnCentral Bank Deputy Governor, W A Wijewardene will chair the proceedings.rnrnrn