DR007 is the interest rate on 7-day repos with rate securities as pledges for deposit-taking institutions in the inter-bank market. It may reflect the fundamentals in the economy, the trend of seasonal changes, as well as the liquidity risk premium. DR007 might lower the credit risks of counterparties and mitigate the disturbance of collateral quality on the pricing of interest rates, better reflect the situation of banking liquidity, and play a positive role in fostering market benchmark interest rates. For more details, please visit the website of China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center, which is a sub-institution directly affiliated to the People’s Bank of China.
Date of last update
Nov. 29 2018
