Disclosure Framework for RMB RTGS System

The Committee on Payment and Settlement Systems (CPSS) of the Bank for International Settlements and the International Organization of Securities Commissions (IOSCO) have jointly issued a disclosure framework and assessment methodology for their principles for financial market infrastructures (PFMIs), which is the new international standards for financial market infrastructures (FMIs).

The disclosure framework (DF) is intended to promote consistent and comprehensive public disclosure by FMIs in line with the requirements of the PFMIs . The disclosure report of RMB Real Time Gross Settlement(RTGS)* system is completed according to the disclosure template outlined in the DF.

*Being the Clearing Bank of RMB business in Hong Kong, Bank of China (Hong Kong) Limited is the settlement institution of RMB RTGS system.