HSBC gets all clear for US dollar settlement

HSBC has been appointed to settle US dollar trades in Hong Kong for another five-year period.
April 26, 2005

The Hong Kong Monetary Authority (HKMA) has re-appointed HSBC as the settlement institution for the US dollar clearing system in Hong Kong for a second five-year period. The bank has welcomed the news and says it hopes the next five years will bring an increase in the number of institutions using the system.

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