Regulatory Alerts2013-07-25
Added · Updated
Enhancements to the Renminbi (RMB) Liquidity Facility
The Hong Kong Monetary Authority announced two enhancements to its RMB liquidity facility effective 26 July 2013 to support the offshore RMB market. The HKMA introduced one-day funds available on a T+1 basis and overnight funds available on a T+0 basis, with the latter capped at 10 billion RMB per day. Participating authorized institutions may utilize these facilities for short-term funding needs while adhering to specified collateral requirements and cut-off times.
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