Darius Baruo
Aug 16, 2024 05:23
The Hong Kong Financial Authority has issued a tentative schedule for Alternate Fund Payments and Notes for the fourth quarter of 2024.
The Hong Kong Financial Authority (HKMA) has introduced a tentative issuance schedule for Alternate 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, difficulty sizes, and difficulty 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 autumn 2024 contains rollover of maturing points and deliberate changes to the maturity spectrum of the EFBN portfolio.
Tentative Nature of the Schedule
It is very important word that the tender dates, difficulty sizes, and difficulty dates outlined within the advance issuance schedule are tentative. The HKMA will verify and announce the main points of recent problems with Alternate Fund Payments at the least 4 enterprise days previous to their respective tender dates. For Alternate Fund Notes, particulars will probably be confirmed and introduced seven enterprise days earlier than their respective tender dates. The HKMA reserves the proper to make changes based mostly on prevailing market situations.
Market Implications
The issuance of EFBNs performs a vital position in Hong Kong’s monetary stability, offering a dependable instrument for liquidity administration and funding alternatives. The tentative schedule permits market contributors to arrange for upcoming tenders, making certain a clean and environment friendly market operation.
Hong Kong Financial Authority
15 August 2024
Picture supply: Shutterstock
