Cross-border payment link established with Hong Kong

Breaking News July 28, 2014 00:00

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

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

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