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The format is very similar to the existing format. There will be a time track showing the aggregate balance of the Settlement Accounts maintained by banks with the HKMA.
In addition, the screen will also show the opening and the closing aggregate balances of the Settlement Accounts and information on LAF and money market operations.
The preparation of the RTGS system dates back to January 1994 when the HKMA Working Party on Payment and Settlement System recommended that Hong Kong should move to RTGS as soon as possible.
A Committee on Payment System, chaired by the Chief Executive of HKMA with representatives from leading banks in Hong Kong, was set up on May 31, 1994 to provide policy input on the implementation of RTGS in Hong Kong.
The Committee agreed in early 1995 to move speedily to RTGS with a scheduled commencement date before the end of 1996. This timetable has been met.
Format of Reuters Screen
HONG KONG MONETARY AUTHORITY INTERBANK LIQUIDITY
(Date)
TIME
AGGREGATE
BALANCE OF
SETTLEMENT
ACCOUNTS
OPENING AGGREGATE BALANCE
MN
09:30 HR
MN
CLOSING AGGREGATE BALANCE
MN
10:00 HR
MN
CHANGE ATTRIBUTABLE TO :
11:00 IIR
MN
MONEY MARKET ACTIVITY
MN
12:00 IIR
MN
LAF REVERSAL
MN
LAF TODAY
MN
15:00 HR
MN
16:00 IIR
MN
LAF RATE % BID/ % OFFER TWI
End