Regulatory Alerts2024-05-22
Added · Updated
Refinements of the US Dollar Liquidity Facility
The Hong Kong Monetary Authority issues this document to define the operational procedures for its US Dollar Liquidity Facility tenders. It mandates that Licensed Banks submit binding bids via SWIFT or facsimile, with allotments determined by competitive interest rates and capped distribution in the initial round. The text further specifies settlement mechanics requiring collateral transfer and outlines special arrangements for postponements while maintaining original repayment dates.
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