Live link speeds up global settlement for HK investors

A real-time link between the HKMAÆs debt depository and Brussels-based Euroclear allows Asian investors to hold and settle global debt securities through their local accounts.

Cherie Marriott

November 27, 2002

After months of trials, the Hong Kong Monetary Authority has flicked the switch on a fully-automated link with Euroclear, the Brussels-based central securities depository. The real-time link allows non-Euroclear members to hold and settle international debt securities through their Central Moneymarkets Unit (CMU) accounts.

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