Regulatory Alerts2021-09-27
Added · Updated
Expansion of Eligible Collateral for the Renminbi Liquidity Facility
The Hong Kong Monetary Authority expands the eligible collateral for its Renminbi Liquidity Facility to include offshore debt securities issued by the People’s Bank of China, the Ministry of Finance, local governments, and policy banks. This update applies to overnight, one-day, one-week, and intraday repo transactions available to Authorized Institutions participating in RMB business. The terms specify haircuts, interest rate calculations, and operational procedures for borrowing RMB liquidity against the newly accepted securities.
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