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CLSNet case study - Bank of China (Hong Kong)
Case study
3 min read
Case study
3 min read
Industry shortfalls in automation and standardization, across ASEAN markets, limit the efficient netting of associated FX payments, with counterparties having to reach a bilateral agreement before proceeding.
Settling individual payments bilaterally on a gross basis left BOCHK exposed to operational and liquidity risks.
Following the implementation of CLSNet, BOCHK has significantly reduced the number of payments required and benefited from enhanced intraday liquidity.
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