GlobalCapital: China approves tri-party repo

PBoC has opened the way to triparty repo in the interbank bond market, the central bank announced on October 17.

“In recent years, there has been a growing and diverse group of investors participating in the interbank repo market,” the statement said. “As a result, there is growing need for more detailed management guidelines for the usage of repo collateral. Introducing the triparty repo model can help reduce settlement failures, ensure effective coverage of risk exposures during the repurchase period, and improve the market’s risk prevention and control abilities.”

The full article is available at https://www.globalcapital.com/article/b1bfzjd9l3yyb6/china-policy-roundup-triparty-repo-gets-clearance-mainland-exports-and-investments-on-the-rise-hkma-has-new-pboc-adviser

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