HKEX's LME Clear Raises Offshore Yuan Collateral Cap 50% to RMB135 Million

HKEX-owned LME Clear said it will further optimize its margin collateral services by raising the offshore renminbi collateral cap per member by 50% to RMB135 million from RMB90 million. According to Ming Pao, LME Clear will also shorten the notice period requirement for members to deposit and withdraw offshore renminbi to "T-1" from "T-2". LME Clear added that the offshore renminbi interest rate (CDIR-0) announced in October last year will be maintained at least through the end of this year.