Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>China Business

HK to launch cross-border collateral management cooperation


08:11, October 18, 2012

HONG KONG, Oct. 17 (Xinhua) -- The Hong Kong Monetary Authority (HKMA) and Clearstream jointly announced Wednesday their cooperation in providing cross-border collateral management and liquidity services in Hong Kong.

The HKMA and Clearstream plan to launch the services in the first quarter of 2013.

The collateral pool of Clearstream currently stands at more than 550 billion Euro and consists of a wide range of asset classes eligible for collateral use which includes, among others, fixed income assets, equities and investment funds.

With partnership with the HKMA, international financial institutions, as a collateral giver, will be able to use their extended pool of collaterals in Clearstream to conduct repo transactions with and obtain liquidity from members as a collateral receiver of the HKMA's Central Moneymarkets Unit (CMU).

The service will continue to benefit international financial institutions with streamlined access to liquidity in Hong Kong, in particular for Hong Kong dollars and offshore Renminbi, while local financial institutions will also be able to optimize the utilization of their domestic liquidity based on a broader spectrum of international securities.

At the same time, this service will support customers of Clearstream's Global Liquidity Hub to further enhance the utilization of their collateral on an optimized basis.

News we recommend:
House prices nudge upward in September Islands dispute benefits carmakers' competitors Sany's bid to usurp Caterpillar
Falsely labeled crabs upset the market A Boon to the Economy 'Right time' for London to build RMB business
Beijing offices still hot properties  The consuming challenge of food safety The dawn of a new growth era


Leave your comment0 comments

  1. Name


Selections for you

  1. 'Gangnam Style' dances ease pressure

  2. Fighters conduct training

  3. Unforgettable moments you can't miss in Oct.

  4. Exhibition marking 60th anniversary of NUAA

  5. Crazy BMW car plunges into river

  6. Sany's bid to usurp Caterpillar

  7. Asia's 1st rare Leica camera auction announced

  8. Actresses of Legend of Zhen Huan

Most Popular


  1. 2nd US debate sees candidates flex China muscle
  2. Abe's visit to shrine to dent China-Japan ties
  3. China, Japan and S. Korea must eye the best
  4. Editorial: Addressing the wealth gap
  5. 'Do the right things' for the economy
  6. Obama outperforms Romney in 2nd debate
  7. Commentary: Japan's propaganda war on Diaoyu
  8. To Put political label on Chinese investors unfair
  9. Tokyo's war crime recognition crucial
  10. China bashing: Shame on American politics

What’s happening in China

Beijing's first govt shelter for abuse

  1. China establishes fire-protection engineer system
  2. Self-made caricaturist draws life of migrants
  3. Most overseas returnees pick jobs at private firms
  4. Beijing's biggest transport hub gears up for action
  5. Cops blamed for death as crowds riot