Regulatory Alerts2024-05-22
Added · Updated
Refinements of the US Dollar Liquidity Facility Annex B: Summary of Terms
The Hong Kong Monetary Authority issues this summary to detail the operational terms for its US Dollar Liquidity Facility, which provides a total of US$10 billion in liquidity. Licensed banks may access these funds through competitive seven-day repurchase transactions using Exchange Fund Bills and Notes as collateral. The facility mandates specific tender hours, interest rate floors linked to the Federal Reserve’s FIMA Repo Facility, and strict settlement and collateral return procedures.
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