J.P. Morgan launches collateral management solution in partnership with the Hong Kong Monetary Authority
Mar 16, 2012
J.P. Morgan Worldwide Securities Services recently announced it will launch an innovative repo financing collateral management platform, which has been developed in partnership with the Hong Kong Monetary Authority (HKMA), with a view to enhancing financial stability and providing secured channels for liquidity provisions to the financial markets in Hong Kong.
The new repo financing program will facilitate repo financing transactions between members of Hong Kong’s Central Moneymarkets Unit (CMU) and international financial institutions. The program enhances services currently provided to CMU members who will be able to accept a broad spectrum of international securities lodged with J.P. Morgan and other international securities depositaries as collateral. Additionally, international financial institutions, by entering into repo financing transactions with CMU members, will obtain access to liquidity for offshore CNY, EUR, HKD and USD in Hong Kong.