The FX Global Code is a set of principles of good practice for the foreign exchange market, which was developed by a partnership of central banks and market participants from around the world.
The purpose of the code is to promote a robust, fair, open and appropriately transparent market – supported by resilient infrastructure – in which participants can confidently and effectively transact at competitive prices.
The Banking Association South Africa (BASA) has reviewed the FX Global Code and acknowledges that it represents a set of principles generally recognised as good practice in the wholesale foreign exchange market.
We encourage our members, who are market participants, to adopt the code and conduct their activities in a manner which is consistent with its principles.
FX Global Code