Asian Partnership to Launch Cross-Border Debt Settlement Platform
The Hong Kong Monetary Authority (HKMA), Bank Negara Malaysia (BNM) and Euroclear Bank plan to launch a pilot platform for the cross-border settlement of debt securities on March 30. By harmonizing market practices and standardizing the issuance and settlement of debt securities, it is intended to increase operational efficiency.
The pilot platform involves optimizing existing system links between the Central Money Markets Unit (CMU) 1 of the HKMA, RENTAS2 of BNM and Euroclear Bank, and the
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