Don't let the term report faze you.
Your first term reports came in.
The term repo facility, which was available from December 1, 1999 and would be available until January 31, 2000, allows licensed banks to obtain in advance Hong Kong dollar liquidity from the HKMA for the year-end at a known price.
In September, the HKMA announced the introduction of an enlarged Discount Window and a term repo facility to help ease potential tightness in market liquidity in the run up to 2000.
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