| Journal Call no. | HG1302.Q37 |
|---|---|
| Article Title | Hong Kong's payment system / Monetary Policy and Markets Department. |
| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.4, Aug 1995, p.1-6, illus. |
| Abstract | To meet international standards and minimise settlement risks, Hong Kong is moving towards a Real Time Gross Settlement (RTGS) system from the existing next day net settlement system. A new clearing company, Hong Kong Interbank Clearing Limited, has been set up to implement and run the new system. When RTGS is fully implemented by the end of 1996, it will be among the most advanced and robust payment systems in the world with real time PvP and DvP functions. |