5-percent yield on Tuesday's net injection of 150 billion yuan using reverse repos
, according to a PBOC's statement.
The People's Bank of China offered CNY50bn of seven-day reverse repos
in open-market operations.
Bankers were complaining that the cash collected by the central bank through reverse repos
was being returned to the economy within a week, and so it was not making any big difference in easing the excess liquidity situation.
The changes, involving reverse repos
and derivatives, reduce the assets included in the calculation and make it easier for them to meet leverage ratio requirements, depending on the final rules adopted by national regulators.
7 billion) into the financial system via reverse repos
in order to ease a cash squeeze at the end of the month, the central bank said in a statement carried by Xinhua.
The Adviser is awaiting a response from the rating agencies in order to determine whether a refinancing of additional preferred shares with debt and/or reverse repos
would be feasible for the funds.
Since the liquidity provider takes the first loss position and the reverse repos
provide full recourse to UniCredit, the likelihood of the liquidity provider suffering a loss is directly tied to the creditworthiness of UniCredit.
NRB has mopped up a total of Rs 166 billion from the financial system by launching reverse repos
, outright sale auction and development bonds.
In our 2012 outlook, we forecast approximately CNY 4 trillion in liquidity assistance, which will come via a combination of reserve requirement reductions, central bank reverse repos
and auctions of Ministry of Finance deposits.
Support for SPICE I, in reference to the reverse repos
, is provided through a swap transaction supplied by CDCFP.
Repos and reverse repos
are used to maintain liquidity levels in the market as well as to keep overnight interest rates close to the target.
The CRC is available to customers on both the buy and sell-sides and is expected to appeal to corporates entering into reverse repos
to secure their financing and then re-use the collateral they receive to cover OTC derivative margin requirements with clearing members or CCPs.