Darius Baruo
Aug 16, 2024 05:23
The Hong Kong Financial Authority has issued a tentative schedule for Change Fund Payments and Notes for the fourth quarter of 2024.
The Hong Kong Financial Authority (HKMA) has introduced a tentative issuance schedule for Change Fund Payments and Notes (EFBNs) for the upcoming quarter from October to December 2024. The schedule, launched on August 15, 2024, outlines the proposed tender dates, challenge sizes, and challenge dates for particular person points, in keeping with HKMA.
Quarterly Issuance Particulars
The quarterly schedule is usually issued within the second month of every quarter—February, Could, August, and November—protecting EFBN tenders within the following quarter. This newest launch for This fall 2024 contains rollover of maturing points and deliberate changes to the maturity spectrum of the EFBN portfolio.
Tentative Nature of the Schedule
You will need to observe that the tender dates, challenge sizes, and challenge dates outlined within the advance issuance schedule are tentative. The HKMA will verify and announce the small print of latest problems with Change Fund Payments a minimum of 4 enterprise days previous to their respective tender dates. For Change Fund Notes, particulars will likely be confirmed and introduced seven enterprise days earlier than their respective tender dates. The HKMA reserves the fitting to make changes based mostly on prevailing market situations.
Market Implications
The issuance of EFBNs performs a vital function in Hong Kong’s monetary stability, offering a dependable software for liquidity administration and funding alternatives. The tentative schedule permits market contributors to organize for upcoming tenders, making certain a easy and environment friendly market operation.
Hong Kong Financial Authority15 August 2024
Picture supply: Shutterstock
