Linklaters Insights: A new repurchase agreement for the PRC interbank market
6 March 2013
On 18 December 2012, the People's Bank of China announced its approval of the publication of the China Inter-bank Market Bond Repurchase Master Agreement by the National Association of Financial Market Institutional Investors, which NAFMII later published on 21 January 2013.
Subject to a one-year transition period, the New Agreement is to replace the two existing repurchase agreements published by PBOC in 2000 and 2004 (based on pledge and title transfer approaches respectively).
The full article is available on the Linklaters website.