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Sunday, April 11, 2021

Repurchase Agreement Transactions Bnm

KUALA LUMPUR, Nov 12 (Reuters) – Malaysia`s central bank on Tuesday extended the maximum tone of a retirement loan to five years as it aims to boost liquidity and prevent a downgrade by global index provider FTSE Russell. BNM has published an exhibition project that outlines the revised expectations of the banks granted and the investment banks granted that contract pension transactions (repo). This strategy document applies to repurchase transactions on ringgit and non-ringgit-repo securities and repurchase transactions, including all pension securities sold or purchased directly, with the intention of redeeming or reselling them at a later date. The response period for the consultation ends on September 13, 2019. The maximum duration of pension operations was 365 days. Negara Malaysia Bank announced the amendment in a statement published here and issued a strategy document outlining the bank`s revised requirements and expectations for market participants who contract repo operations on ringgit and non-ringgit and reverse-repo operations. The repo strategy document aims to present the volume of repo transactions that can be carried out by licensed banks and investment banks, establish regulatory requirements and expectations regarding the repo transactions of licensed banks and investment banks, and promote sound risk management practices of licensed banks and investment banks to carry out transactions. The revision of the strategy document consists mainly of the following: this document replaces the pension strategy document published on 31 July 2015 (BNM/RH/PD 032-3). The revised strategy document will come into effect on the day the final policy is issued. This strategic document is to be read with other BNM documents and policy directions, in particular the capital adequacy framework published on 03 May 2019 (Basel II – Risk Weighted Assets); The requirements for limiting the exposure of a counterparty, adopted on July 9, 2014; Foreign exchange management rules The Code of Conduct for Malaysian Wholesale Financial Markets, published on 13 April 2017; Net financial stability requirements adopted on July 31, 2019; STATsmart reporting obligations.

posted by Joe Schwartz - J. Schwartz,llc at 6:00 pm  

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