HKMA sets up company to run bond settlement system
Business will run the Central Moneymarkets Unit under new governance structure
Hong Kong’s de facto central bank has set up a limited company to operate its Central Moneymarkets Unit (CMU) in a bid to commercialise the territory’s debt securities settlement system.
The Hong Kong Monetary Authority (HKMA) said on October 18 that it had established CMU OmniClear to operate the unit on its behalf.
The CMU offers clearing, settlement and custodian services for debt securities denominated in the Hong Kong dollar and other major currencies.
CMU OmniClear is a wholly owned
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