PvP Facility - PowerPoint PPT Presentation
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Title:
PvP Facility
Description:
e.g. Bank X selling HK$ to Bank Y for US$ Bank X Bank Y Bank X Bank Y (i) HK$ (iv) HK$ (ii) (iv) US$ US$ HK$ RTGS HK$ CCPMP US$ RTGS US$ CCPMP (iii) Settlement at ... – PowerPoint PPT presentation
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Title: PvP Facility
1
PvP Facility
(i) HK payment from Bank X withheld by the
HKMA while awaiting confirmation from the US
RTGS system. (ii) US payment from Bank Y
withheld by the HSBC while awaiting confirmation
from the HK RTGS system. (iii) Message exchange
between the two systems through the cross
currency payment matching processor
(CCPMP). (iv) Once matching is done - - US
released to Bank X - HK released to Bank Y
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