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The People's Bank of China (PBOC) on....>

CHINA RATES
MNI (Beijing)
CHINA RATES: The People's Bank of China (PBOC) on Tuesday said it recently
launched the so-called third-party repo agreement in the inter-bank bond market
to strengthen the risk prevention and control of the money market.
- Third-party repo agreement refers to a repurchase transaction in which an
investor entrusts bond registration, custody and settlement institutions
recognized by the central bank as a third party to select, evaluate, replace and
adjust their collateral, PBOC said;
-The function is granted to only recognized bond institutions for now, but may
extend to large-scale banks with corresponding capabilities in the future: PBOC.
Link to PBOC announcement: https://tinyurl.com/yacge9n7

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