Part 3 Bond Market Infrastructure Diagrams, Domestic Bond ...
Part 3 Bond Market Infrastructure Diagrams, Domestic Bond ...
Part 3 Bond Market Infrastructure Diagrams, Domestic Bond ...
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12<br />
Figure 1. HKG <strong>Bond</strong> <strong>Market</strong> <strong>Infrastructure</strong> Diagram<br />
ASEAN+3 <strong>Bond</strong> <strong>Market</strong> Guide | Volume 2 | <strong>Part</strong> 3<br />
OTC <strong>Market</strong><br />
Trading<br />
Trade matching<br />
HKMA-(CMU)<br />
CCP<br />
HKMA-(CMU) netting<br />
HKMA-(CMU)<br />
Settlement matching<br />
<strong>Bond</strong> settlement<br />
HKMA (CHATS)<br />
Cash settlement<br />
Note: There is no CCP for bonds in Hong Kong, China.<br />
CHATS = Clearing House Automated Transfer System; CMU = Central Moneymarkets Unit; HKMA = Hong Kong Monetary Authority<br />
Source: ABMF SF2.