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2min chapter
The BIS ''Hidden USD Debt'' Story Explained
Market Depth
FX Derivatives
The FX derivatives market happens outside, mostly off-balance sheet. But it's important to know though that this doesn't mean this is hidden net. What it means is that there is a different accounting regime for these FX swaps. The main question is who are the players involved in this market? And are these derivatives really offsetting existing positions?"
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