HKMA moves to revive cross-border repo platform

Hong Kong’s de facto central bank is optimistic its partnership with Clearstream can revive interest in its cross-border repurchase agreement (repo) settlement platform amid thin trading. The Hong Kong Monetary Authority (HKMA) and international central securities depository Clearstream had aimed to launch the platform at the beginning of this year, but it was pushed back to the fourth quarter. Market participants say the delay was caused by terminology issues in the contract be…