HKMA defers trade facility repayments again
Loans may be extended further, HKMA says, as unemployment reaches 16-year high
The Hong Kong Monetary Authority has allowed corporate customers who still face cashflow pressures to extend repayment of trade loans for another 90-day period.
The HKMA also suggested banks adopt a flexible approach if a trade loan has been extended for 270 days. Some trade customers are still facing cashflow pressures due to the continuing Covid-19 pandemic.
“Banks can consider on a case-by-case basis whether other forms of relief – such as repaying the trade loans by instalments – are more
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