FX Target Redemption Forwards

[Shiny Things]

G'day from SF!

I've got a bit of an unusual question for you all. I'm working on a blog post, and trying to dig up some information.

Have any of you ever been offered FX Target Redemption Forwards (aka TARFs) by your bank? If you have, could you drop me a PM?

Cheers!

 

[jayou8]

Just looking at the USDCNY this week and it seems no stopping the uptrend.
Found an interesting article on TARFs in FT
6.20 will be interesting to lookout for

Falling renminbi heightens derivatives risks - FT.com