| Journal Call no. | HG1302.Q37 |
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| Author | Yam, Joseph. |
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| Article Title | Hong Kong in the global payment system / Joseph Yam. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.5, Nov 1995, p.19-22. |
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| Abstract | The Hong Kong Monetary Authority (HKMA), in co-operation with the private banks, is prudently building on existing systems to develop a Real Time Gross Settlement (RTGS) system which will comply fully with international standards. It is hoped that bilateral links with other RTGS payment systems can then be developed. The Central Moneymarkets Unit service will soon offer end-of-day delivery versus payment for private sector debt securities and accept non-HK dollar denominated debt securities. |
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