Regulatory Alerts2012-07-25
Added · Updated
Renminbi (RMB) Liquidity Facility
The Hong Kong Monetary Authority has revised the submission deadline for its Renminbi Liquidity Facility, moving the cutoff time from 10:00 am to 1:30 pm to allow participating authorized institutions more time to assess their liquidity needs. This operational change, which takes effect immediately, is designed to better support short-term RMB liquidity management for institutions engaged in RMB business in Hong Kong. The facility remains available with existing terms regarding one-week tenor, market-based interest rates, and eligible collateral such as Exchange Fund Bills and HKSAR Government bonds.
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