XN000022-1996-12-10 — Page 10

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Tender date

:

17 December 1996

Paper on offer

:

EF Bills

Issue number

:

H680

Issue date

18 December 1996

Maturity date

:

18 June 1997

Tenor

:

182 Days

Amount on offer

:

HK$1,000 MN + 300 MN

End

Bulk clearing payments go through RTGS system

The Real Time Gross Settlement (RTGS) system entered its second day of operation today (Tuesday), the first typical production day including for the first time the settlement of the bulk clearing items.

A total of 10,782 CHATS payment transactions, involving $264 billion, were completed today.

The three bulk clearing runs for the net settlement for stock market transactions, low-value bulk electronic payment items and paper cheques were all completed well within the specified clearing periods. The total value involved was $47 billion.

A total of 345 debt securities transactions (involving $18 billion) were processed and successfully completed by the Central Moneymarkets Unit of the Hong Kong Monetary Authority.

The performance of the system continued to be stable and satisfactory. The response time for CHATS and CMU transactions and enquiries was also satisfactory.

End

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