In accordance with the currency board arrangement , the purchase of us dollar by the hkma , some of which were for value the same day entailed an increase in liquidity of the interbank market 根据货币发行局制度的运作安排，金融管理局购入美元，银行同业市场的流动资金便会增加，而其中部分美元更是按即日价值结算。
The liquidity can be siphoned off the interbank market , as central banks often do , through the sterilisation process , in which the liquidity is substituted by other central bank liabilities such as debt issued by the central bank 央行可进行冲销来吸走银行同业市场过多的流动资金，以央行票据等形成的央行负债取代部分的银行体系结馀。
The announcement of the forecast change in the aggregate balance resulting from hkma s foreign exchange transactions will enable market participants to anticipate the changes in the liquidity conditions in the interbank market 金管局公布因其进行港元外汇交易将会引致结馀总额的变动预测，将可让市场人士了解银行同业市场流动资金将会出现的变动。
A considerable proportion of funds maturing within one year are channelled from depositors via retail banks through the interbank market to those foreign banks without a branch network , and finally to the ultimate borrowers 有相当大比例在一年内到期的资金由存户经零售银行，再经银行同业市场中转至没有分行网络的外资银行，最后到达最终借款人手上。
As us dollars are sold to the exchange fund , the aggregate balance in the hong kong dollar clearing accounts of the banks - the crucial element of the monetary base - correspondingly increases and interest rates in the interbank market fall 金管局为外汇基金购入美元时，银行港元结算户口的总结馀货币基础的重要组成部分会相应增加，银行同业市场利率会下降。
As the improved efficiency of the interbank payment system has facilitated liquidity management of licensed banks , the need for the laf deposit facility to facilitate orderly interbank market activities has fallen away 由于银行同业支付系统的效率得以提高，使持牌银行能更有效管理流动资金，因而无须继续以流动资金调节机制下的存款机制来促进有秩序的银行同业市场活动
Until the temporary tight liquidity condition in the interbank market returns to normal following the completion of the current ipo activities , we may see the composite rate edging up further going forward , " said mr peter pang , deputy chief executive of the hkma 至现时的公开招股活动结束而银行同业市场流动资金短暂收紧的情况回复正常前，综合利率或会再稍为上升。
Readers will have noticed the occasional outflow , particularly in the past few months , similarly triggering the convertibility undertaking and leading to a fall in the aggregate balance of the banking system , or a shortage of interbank liquidity 读者都会留意特别是近几个月偶有资金流出港元时，同样会触发兑换保证交易，并导致总结馀减少，银行同业市场也就出现了资金短缺现象。
