Technology

First Fully Electronic F-TIIE Swap Trade Executed on the Bloomberg SEF

Published

2 years ago

June 3, 2024

NEW YORK and MEXICO CITY, June 3, 2024 /PRNewswire/ — Bloomberg SEF LLC today announced that the first electronically traded TIIE de Fondeo (“F-TIIE”) swap transaction was executed on its CFTC-registered swap execution facility, BSEF. Mexico-based Banco Invex and Finamex Casa de Bolsa traded a 3-month swap on BSEF using request-for-quote (RFQ) trading protocol. The trade was cleared by CME Clearing.

Mexican derivatives markets seek to replace their usage of the current primary benchmark 28-day Interbank Equilibrium Interest Rate (TIIE) with the new risk-free rate, TIIE de Fondeo, known as F-TIIE, by the end of 2024.

BSEF recently introduced cleared interest rate swap products referencing the F-TIIE index for placing new risk, including outrights, curves, rolls and butterflies. Clients can also use list trading functionality to trade 28-day term TIIE and F-TIIE swaps in a single package which can facilitate movement of risk prior to conversion events or trade out of converted F-TIIE risk post-event.

The addition of F-TIIE rates products on BSEF provides market participants with the infrastructure necessary to help grow dealer liquidity and pricing transparency for the transition to F-TIIE. BSEF hosts a deep pool of onshore and offshore market-making participants in the 28-day TIIE interest rate swap market as one of the Comisión Nacional Bancaria y de Valores’ (“CNBV”) approved foreign companies*.

This launch precedes the conversion events due November this year, where leading clearing houses plan to transition cleared swap portfolios to the new F-TIIE index. This will also help clients comply with Banco de Mexico’s transition away from the use of the 28-day term TIIE for new derivative transactions as of January 1, 2025.

“At Finamex, we have prioritized offering both competitive pricing and top research to our local and international clientele. Being the first TIIE market maker to trade the new Mexican OIS through BSEF is proof of our constant innovation and development. We are thrilled to continue developing tools that will help our clients focus on Mexico,” stated Oscar Luna Farrell, Head Trader at Finamex Casa de Bolsa.

“At Banco INVEX, we are dedicated to the growth and development of the Mexican market. As a tech-driven financial services company, we are proud to have executed the first electronic transaction of the TIIE de Fondeo through BSEF, highlighting our commitment to innovation. We will continue to drive initiatives that enhance market efficiency and foster a more dynamic financial ecosystem,” said Alexis Zarkin, Head Trader, Proprietary Trading Desk at Banco Invex.

“Bloomberg is proud to continue our long-standing association with the Mexican derivatives and bonds markets,” said Liza Parlatore Lopez, Head of Sales for Mexico and Central America at Bloomberg. “We are well positioned to partner with our clients to help manage their portfolios as they continue their transition to risk free rates.”

The introduction of F-TIIE swaps to BSEF adds to Bloomberg’s comprehensive suite of solutions to support the transition to Risk Free Rates (RFRs). More information can be found at Bloomberg.com/Libor.

Bloomberg will host a webinar Navigating the TIIE Reference Rate Transition in Mexico. Registration and more information can be accessed here.

Bloomberg Electronic Trading Solutions (ETS) are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg ETS to access comprehensive depth and breadth of liquidity across asset classes from over 700 dealers globally. Bloomberg ETS provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

* Approved foreign companies perform transactions that are similar or equivalent to those performed by companies that manage systems to facilitate transactions with securities authorized by the CNBV.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg

Technology

2026 Vietnam-China Cross-Border Tourism AI Empowerment Cooperation Exchange Program Concludes in Nanning

Published

4 hours ago

April 19, 2026

NANNING, China, April 19, 2026 /PRNewswire/ — This is a report from china-asean-media.com.

The 14-day “2026 Vietnam-China Cross-Border Tourism AI Empowerment Cooperation and Exchange Program” successfully concluded on April 19 in Nanning, Guangxi. Co-hosted by the Department of Culture and Tourism of Guangxi Zhuang Autonomous Region (China) and the Departments of Culture, Sports, and Tourism of Quang Ninh, Lang Son, Cao Bang, and Tuyen Quang provinces (Vietnam), the event brought together nearly 30 tourism officials and industry representatives from the four Vietnamese localities.

With the theme “Vietnam-China AI + Cross-Border Tourism Exchange and Cooperation,” the program combined expert lectures, case studies on AI applications, and field visits. Participants gained insights into ASEAN-China tourism policies, AI-driven cross-border cooperation models, and smart tourism technologies. Hands-on training enabled them to use AI tools for decision-making, product development, and destination branding.

The delegation conducted field studies in Nanning, Liuzhou, Guilin, and Hechi. They visited the China-ASEAN AI Innovation and Cooperation Center, the “Easy Visit Guangxi” platform, the No. Wang Cultural Industrial Park, and the BAO JUN base, experiencing Guangxi’s smart, industrial, landscape, and wellness tourism offerings.

A meaningful part of the program was retracing President Ho Chi Minh’s revolutionary footsteps in Guangxi, including visits to the former site of Yucai School in Nanning, the former residence of Ho Chi Minh in Liuzhou, and the “September 2” School site in Guilin. On April 17, all participants attended the launch ceremony of the 2026 Vietnam-China Border People’s Carnival in Nanning, witnessing the deep friendship and mutual support between the border communities of both nations.

At the closing ceremony on April 18, a cross-border tourism product design competition was held. The team from Quang Ninh won the Best Design Award, while teams from Lang Son, Cao Bang, and Tuyen Quang received Excellence Awards. Mr. Lưu Bá Mạc, Vice Director of Lang Son’s Department of Culture, Sports and Tourism, praised the program for fostering practical cooperation and opening new directions for the “comrades and brothers” friendship between local authorities.

The program not only provided Vietnamese tourism professionals with valuable knowledge in AI and smart tourism but also laid a solid foundation for future cooperation in building shared tourism information platforms, developing smart products, and enhancing data connectivity. Both sides reaffirmed their commitment to advancing high-quality development of the cultural and tourism industry through AI, contributing to the strategic Vietnam-China community with a shared future.

View original content:https://www.prnewswire.com/apac/news-releases/2026-vietnam-china-cross-border-tourism-ai-empowerment-cooperation-exchange-program-concludes-in-nanning-302746589.html

SOURCE china-asean-media.com

Technology

TCL Solar: Powering Pakistan with advanced solar module innovation

Published

4 hours ago

April 19, 2026

LAHORE, Pakistan, April 19, 2026 /PRNewswire/ — TCL Solar made a strong impact at this year’s Solar Pakistan exhibition (17th-19th April, at Expo Centre Lahore) by unveiling a range of advanced solar solutions designed to meet the growing demand for low-carbon energy in South Asia and the Middle East.

The new T5 Pro solar module represents a major leap in N-type TOPCon technology, delivering breakthroughs in both conversion efficiency and power output. It is designed to be the new flagship product in the industry, offering enhanced performance and long-term value.

Key Highlights of the T5 Pro:

A unique product design: The T5 Pro specificity remains in its design architecture, with an overlapping tri-cut cell construction. This innovative structure significantly boosts the module’s performance, ensuring superior output and higher energy yield.

Product Reliability: The T5 Pro’s low-current technology ensures precise temperature control, with hotspot temperatures up to 45°C lower than conventional modules. This reduces the risk of fire hazards and improves overall module longevity. The module has also passed rigorous reliability tests, making it ideal for diverse applications, including commercial rooftops and ground-mounted power stations.

Customer Value: By enhancing energy generation and reducing project lifecycle costs, the T5 Pro provides a high return on investment for both residential and commercial solar applications.

TCL Solar’s Lightweight Module: Optimized for C&I Rooftops

TCL Solar’s Lightweight Module addresses the specific challenges faced by commercial and industrial (C&I) rooftops, particularly in areas with limited load-bearing capacity.

Improved Power Output: Weighing only 5.4 kg/m², these modules generate 3-6% more power compared to traditional TOPCon modules, offering a highly efficient solution for weight-sensitive environments.

Superior Heat Dissipation: The ultra-thin glass design enhances heat dissipation, lowers operating temperatures and reduces overall weight and making the modules ideal for aging rooftops or structures with limited structural integrity.

Building on the momentum at Solar Pakistan 2026, TCL SOLAR and TAIMOOR TRADING CO. have signed a Memorandum of Understanding (MOU), marking a key step in advancing solar energy solutions. This partnership aims to expand clean power access and drive sustainable development across Pakistan and beyond, with a shared focus on innovation and a low-carbon future.

Focusing on innovation, efficiency, and reduced environmental impact, TCL Solar continues to lead the way in solar technology in Pakistan and across the region, providing solutions that meet today’s energy needs while enabling measurable emissions reductions across the energy value chain.

As Pakistan embraces renewable energy, TCL Solar’s cutting-edge technologies will help drive the growth of low-carbon energy in South Asia and the Middle East.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tcl-solar-powering-pakistan-with-advanced-solar-module-innovation-302746579.html

SOURCE TCL Solar

Technology

TCL Solar: Powering Pakistan with advanced solar module innovation

Published

4 hours ago

April 19, 2026

Key Highlights of the T5 Pro:

Customer Value: By enhancing energy generation and reducing project lifecycle costs, the T5 Pro provides a high return on investment for both residential and commercial solar applications.

TCL Solar’s Lightweight Module: Optimized for C&I Rooftops

TCL Solar’s Lightweight Module addresses the specific challenges faced by commercial and industrial (C&I) rooftops, particularly in areas with limited load-bearing capacity.

Improved Power Output: Weighing only 5.4 kg/m², these modules generate 3-6% more power compared to traditional TOPCon modules, offering a highly efficient solution for weight-sensitive environments.

As Pakistan embraces renewable energy, TCL Solar’s cutting-edge technologies will help drive the growth of low-carbon energy in South Asia and the Middle East.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tcl-solar-powering-pakistan-with-advanced-solar-module-innovation-302746579.html

SOURCE TCL Solar