HKMA re-appoints Standard Chartered as euro settlement institution
The Hong Kong Monetary Authority (HKMA) today (August 17) revealed that Standard Chartered Bank had been re-appointed as the settlement institution for the euro real-time gross settlement (RTGS) system in Hong Kong.
Standard Chartered will begin a third five-year term running the system in March next year. The bank has been the designated settlement institution since the system was launched in March 2003, alongside Hong Kong Interbank Clearing Limited, the system operator.
The HKMA said the
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