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Payments & Settlements
Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
CBDCs
HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong
By Editors | 20/05/2024
Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.
Payments & Settlements
StanChart Completes First EUR Transactions on Partior
By Nithya Subramanian | 17/05/2024
The bank completed the transactions between Hong Kong and Singapore involving Siemens and iFAST Financial.
Payments & Settlements
Korean Banks & Cambodia to Jointly Develop QR Payment System
By Editors | 16/05/2024
The NBC signed MoUs with Korea’s JB Bank, Kookmin Bank and Woori Bank to develop the cross-border QR code payment system.
Clearing & Post-Trade
Sri Lanka to Shorten Equities Settlement Cycle from 10 June
By Editors | 16/05/2024
The CSE said it has amended the clearing house rules to facilitate the shortening of the settlement cycle from T+3 to T+2.
Payments & Settlements
Mastercard Commences Bank Card Clearing Business in China
By Editors | 14/05/2024
Mastercard is the second overseas bank card clearing institution to start operating in China, after Amex in 2020.
Clearing & Post-Trade
SEBI to Mandate Direct Payout of Securities to Investor Accounts
By Ajoy K Das | 14/05/2024
SEBI has proposed a new rule that will require all securities payouts to be credited directly to investors’ demat accounts.
Clearing & Post-Trade
Regulators Announce Enhancements to Swap Connect
By Sanday Chongo Kabange | 14/05/2024
The enhancements will enrich the tradeable products, improve ancillary services, and reduce investor participation costs.
Clearing & Post-Trade
HKEX Announces Plans to Enhance Securities Clearing Arrangement
By Editors | 14/05/2024
The enhancement will allow exchange participants that are non-clearing participants to appoint more than one general clearing participant for the clearing and settlement of stock and options trades.
Payments & Settlements
Indonesia, UAE Agree on Local Currency Settlement Framework
By Editors | 11/05/2024
New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.
Tokenisation
SIFMA to Lead Shared Ledger Project for Multi-asset Transactions
By Manesh Samtani | 10/05/2024
The project participants and contributors include Citi, JP Morgan, Mastercard, Swift, Visa, Broadridge, DTCC, ISDA, and others.
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