The Nation

breakingnews

Smaller
Larger

Cross-border payment link established with Hong Kong

The Hong Kong Monetary Authority (HKMA) and Bank of Thailand (BOT) jointly announced Monday the official launch of the new cross-border payment-versus-payment (PvP) link between Hong Kong's US Dollar real time gross settlement (RTGS) system and Thailand's Thai Baht RTGS system (BAHTNET).

Through the system, Thai banks can utilise the link as an efficient and secure alternative to settle their US dollar and Thai baht (THB) foreign exchange transactions and as a reliable mechanism for mitigating FX settlement risk.

The Nation


Comments conditions

Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.