Regulatory Alerts2024-05-22
Added · Updated
Refinements of the US Dollar Liquidity Facility Annex C: Submission of Tender Application
The Hong Kong Monetary Authority specifies that licensed banks must submit tender applications for the US Dollar Liquidity Facility to the Central Money Markets Unit via SWIFT MT599 messages or authenticated facsimile. The document mandates strict adherence to MT599 field specifications, including the establishment of SWIFT Relationship Management Application connectivity, while providing a fallback tender form for cases where electronic messaging is unavailable. It further details required data elements such as bid rates, minimum bid sizes, and settlement account information, along with contact channels for operational enquiries.
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