Regulatory Alerts2015-09-04
Added · Updated
Intraday and Overnight Repo under the Renminbi Liquidity Facility – Replacement of existing tripartite arrangement by a bilateral arrangement
The Hong Kong Monetary Authority (HKMA) will replace the existing tripartite intraday and overnight repo arrangement with a bilateral agreement effective 23 November 2015. This change requires Participating Authorized Institutions to sign a bilateral Master Sale and Repurchase Agreement directly with the HKMA, shifting interest collection from the RMB Clearing Bank to daily settlements. Existing participants must sign the new agreement and return it by 18 November 2015 to ensure seamless access to the RMB Liquidity Facility.
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