Regulatory Alerts2013-01-15
Added · Updated
Shortening of Notice Period for Renminbi Liquidity Facility
The Hong Kong Monetary Authority announced a reduction of the notice period for its Renminbi Liquidity Facility from two business days to one business day. Effective 16 January 2013, participating authorized institutions may request RMB funds before 12:00 noon on any business day for availability the following day. This change aims to support the offshore RMB market and facilitate banks' management of short-term liquidity needs.
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