China to develop its own repo master agreement, says PBoC's Cao

Chinese banks using the country's ‘pledge master agreement', China's domestic repo agreement issued first in 1999 by the People's Bank of China (PBoC), still do not have clauses in their contracts that require the collateral seller to top up collateral when its value falls to protect against the exposure of the collateral buyer.

And this is the reason Chinese banks often struggle to get to grips with mark-to-market collateral requirements linked with international contracts, according to Cao

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here