FMI
HK US dlr clearing volume picking up over time
Hong Kong's recently introduced U.S. dollar clearing system is unlikely to see volume pick up fast in the near-term as clients test the waters and wait for more services to be priced in U.S. dollars, said settlement bank Hong Kong and Shanghai Banking…
Zambian banks implement clearing system by Dec 31
All Zambia banks are expected to subscribe to the Direct Debit and Credits Clearing (DDACC) stream of clearing transactions by Dec. 31.
Mauritius automates banking settlement system
Mauritius' central bank on Dec 21 2000 launched an automated real time clearing and settlement system for the country's banking sector.
UK govt climbdown on payment system regulation
The UK government on Wednesday dropped plans for a new banking regulator to monitor the payments system, and handed responsibility to the Office of Fair Trading, which has general responsibilities for promoting competition.
EDS, Orga win Austrian gov't smartcard contract
The Austrian government yesterday provisionally awarded a much delayed smart card contract to US-based Electronic Data Systems Corp and German chipcard manufacturer Orga Kartensysteme. The smart cards will be issued to the approximately eight million…
Thai central bank plans electronic bond settlement
The Bank of Thailand said it plans to introduce an electronic settlement system for bond and debt paper transactions in late 2001 as part of its policy to develop the Thai money market.
ECB publishes updated Target information guide
The European Central Bank said it is publishing Monday an updated version of the information guide for credit institutions using the euro-zone's Target payment system.
HKMA launch final stage of dollar clearing system
The Hong Kong Monetary Authority launched the final phase of its US dollar payment system on Monday, offering paper cheque clearing and delivery versus payment settlement of US dollar denominated debt.
Hayami says to supply ample funds for RTGS start
Bank of Japan governor Masaru Hayami said on Friday the central bank would supply ample funds to the money market to prepare for the adoption of the Real-Time Gross Settlement system on January 4.
BoE article on oversight of payment systems
The Bank of England's paper on the oversight of payment systems is published in its latest Financial Stability Review.
Complete glossary of payment systems terminology
The Committee on Payment and Settlement Systems at the Bank for International Settlements has just published a comprehensive glossary of payment system terminology as a reference document for the standard terms used in connection with payment and…
BoT to ease regulations on e-money settlement
The Bank of Thailand said Wednesday it plans to ease restrictions on interbank electronic money transactions via its Bahtnet settlement system.
Principles for financial plumbers
Payment systems, the "plumbing" underpinning international capital markets, aretoo often ignored. John Trundle from the Bank of England, who recently helpeddevise new standards for payment system safety, explains what changes areneeded in the latest…
Nigeria parliament urged to legislate on e-banking
The Nigerian National Assembly has been called upon to pass appropriate legislation that will address the problem of fraud and other peculiarities of electronic banking, if Nigeria must enjoy full benefits of e-banking.
Oman cenbank plans Electronic Fund Transfer system
Oman's central bank proposes to introduce Electronic Funds Transfer system to facilitate faster and accurate domestic inter-bank payments.
Bank urges balancing act over payments competition
The Bank of England has warned the UK government that its plans to increase competition in the payments business must be balanced by the need to preserve the stability of the financial system.
New payments system in Bosnia ready by Dec 31
In its monthly newsletter, the Central Bank of Bosnia and Herzegovina gives an update on its preparations for setting up a new payments system in Bosnia and Herzegovina.
Power strike won't affect payment systems-BOK
Money transfers and financial settlements will be unaffected by a strike threatened by Korea Electric Power Corp.'s union on Thursday, according to the Bank of Korea.
Patil to head proposed SBI clearing corporation
R H Patil, former managing director of the Indian National Stock Exchange, is expected to take charge as the chairman of the proposed SBI Clearing Corporation for the money and foreign exchange market.
Settlement agreement between Lithuania and Belarus
The heads of the central banks of Lithuania and Belarus have signed an agreement on the procedure for settling accounts among economic entities, the Bank of Lithuania reported.
Basis for unified payment system in Russia
In December, the Interagency Smart Cards Commission will present a draft plan for putting together a unified payment system in Russia. The system will be based on the payment system of Sberbank, and the clearance and cash center of the central bank will…
Vietnam central bank liberalises payment fees
The Vietnamese central bank has decided to remove all limits on domestic and international payment fees charged by banks.
Bank of Spain's disclosure for settlement systems
The Spanish central bank has now published a revised version of the responses to the disclosure framework for the Spanish CADE (CENTRAL DE ANOTACIONES, formerly SACDE), November 2000.