In Brief, May 3, 2010

technology arms race

Currency clearing hits Indonesia
JP Morgan is now offering currency clearing for its Indonesian clients using Hong Kong's cross-border payment versus payment (PvP) settlement system. Established by Bank Indonesia and the Hong Kong Monetary Authority, the PvP system works by linking the gross settlement systems in both economies to deliver rupiahs and US dollars within the Asia business day. Simon Jones, regional treasury services executive for Asia-Pacific at JP Morgan, said the bank is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: