HKMA and BoJ launch new securities settlement framework

New “delivery versus payment link” aims to reduce settlement risk

hong-kong-3-web

The Hong Kong Monetary Authority and Bank of Japan have launched a new securities settlement framework in an effort to reduce settlement risk.

In a statement on April 1, the BoJ said the new “delivery-versus-payment (DVP) link” had gone live as scheduled.

“After completion of necessary processes and confirmation of its readiness both by the Bank of Japan and the Hong Kong Monetary Authority, the cross-border DVP link is launched,” the BoJ said.  

DVP is a securities settlement process that

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