Regulatory Alerts2015-06-23
Added · Updated
Extension of Operating Hours of Intraday Repo under the Renminbi Liquidity Facility
The Hong Kong Monetary Authority extends the operating hours of the RMB intraday repo facility to align with the RMB RTGS system, effective 20 July 2015. The new schedule allows transactions from 8:30 am to 5:00 am the following calendar day, replacing the previous cutoff of 11:30 pm. Any intraday repo not repaid by 5:00 am is automatically converted into an overnight repo subject to full interest charges and must be repaid by 2:00 pm the next operating day.
Topics
monetary
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