At the same time, these derivatives markets are innately global: for example, over half of the trading in Canadian-dollar interest rate products involves at least one party that is not a resident of Canada; and Canadian-dollar OTC derivatives products are only about 2 per cent of the global market.
The new “Double Bula Life” plan The Reserve Bank of Fiji had formally endorsed the offering of this plan by LICI back in May of this year, after a detailed submission by the company.