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Prior to the launch of CHATS as a RTGS system, interbank settlements in Hong Kong relied on a multi-tier system which settled in a daily net basis. These 10 banks, in turn, settled with Hongkong Bank, which then settled with the HKMA in a one-to-one basis.
Hongkong Bank acted as the clearing house under this system, settling payments across its books in a net basis on the day following the transactions.
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Welcome to Chat Hong Kong, the list of Chat Hour members in Hong Kong.
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Com, Asia chat provides a web chat interface for Hongkong chat rooms.
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