| Journal Call no. | HG1302.Q37 |
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| Article Title | Use of interest rate swaps in the management of the exchange fund / Monetary Policy and Markets Department. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.3, May 1995, p.51-53, illus. |
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| Abstract | The Monetary Authority has been using interest rate swaps (IRS) to hedge the fixed rate liabilities arising from Exchange Fund paper. With the amendment of section 3(2) of the Exchnage Fund Ordinance, the use of IRS has been extended to the hedging of fixed rate liabilities arising from Treasury placements and deposits from other statutory bodies. |
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