Hong Kong Dollar CHATS
The HKMA, which is Hong Kong's central banking institution, acts as the clearing house for Hong Kong dollar (HKD) CHATS. All licensed banks in Hong Kong maintain HKD settlement accounts with the HKMA, and as of June 2000, restricted license banks "with a clear business need" may also open settlement accounts with the HKMA. The volume of transactions in HKD CHATS in 2007, in raw number of transactions, totaled at 5,499,494. The total value of all transactions conducted in the same year was about HK$217 trillion. As of 25 August 2008, there are 142 participating banks with HKD CHATS.
Read more about this topic: Clearing House Automated Transfer System
Famous quotes containing the words dollar and/or chats:
“How can a man be satisfied to entertain an opinion merely, and enjoy it? Is there any enjoyment in it, if his opinion is that he is aggrieved? If you are cheated out of a single dollar by your neighbor, you do not rest satisfied with knowing that you are cheated, or with saying that you are cheated, or even with petitioning him to pay you your due; but you take effectual steps at once to obtain the full amount, and see that you are never cheated again.”
—Henry David Thoreau (1817–1862)
“Expecting me to grovel,
she carefully covers both feet
with the hem of her skirt.
She pretends to hide
a coming smile
and won’t look straight at me.
When I talk to her,
she chats with her friend
in cross tones.
Even this slim girl’s rising anger
delights me,
let alone her deep love.”
—Amaru (c. seventh century A.D.)