Hong Kong, Indonesia to set up payment system link

28.10.2008

The link will increase the efficiency and safety of payment systems in Indonesia and in the region, particularly the management of foreign-exchange settlement risk exposure for the foreign-exchange transactions involving the US dollar and Indonesian rupiah.

Banks in Indonesia will gain operational efficiency in executing the settlement of the foreign-exchange transactions and provide an assurance to their counter-parties of their ability to settle these transactions during Asian hours.