Central Moneymarkets Unit (CMU)
is the debt securities clearing and settlement system in HK operated by the HKMA.
It offers an efficient clearing, settlement and custodian system for debt
securities denominated in all the major currencies. CMU has been the core
financial market infrastructure in not only primary issuance market for the Dim
Sum Bond, China's sovereign bond, and PBoC Bills, but also the interfaces that
supports Mutual Fund Recognition Scheme and Bond Connect. Over the years, CMU
expands its coverage of investors through its linkage with ICSDs as well as key
infrastructures in the Mainland.
TMA is
delighted to have invited Mr Stanley Chan, Division Head
of Payment Systems Operation Division, Hong
Kong Monetary Authority, to share with members on:
(i) In
introduction on services of CMU such as clearing and settlement of debt
securities, real time delivery versus payment, corporate action and collateral
management;
(ii) Bond
Connect, a linkage for investors to access the Mainland’s inter-bank debt
market; and
(iii) CMU
as a central securities depository in serving the Mainland issuers who plan to
issue offshore bonds.
The seminar is particularly
relevant to TMA members working in debt capital market and post trade
settlement functions.
Mr Stanley Chan
Division Head of Payment
Systems Operation Division
Hong Kong Monetary
Authority
Stanley Chan is responsible for the development and
operations of the trade repositories, and payment and securities settlement
systems. He joined the HKMA in 1995 and
served in various areas, including reserves management, financial
infrastructure development, bank licensing, and clearing and settlement systems
oversight. Before taking up the current
role in November 2015, he was seconded to the Hong Kong Mortgage Corporation as
the Senior Vice President in product development and operations. He is a Chartered Financial Analyst (CFA) and
graduated from the University of Adelaide (Australia) with a Master of Business
Administration.
Participants are entitled to receive 1 CPD (TMA)
credit upon completion of the seminar. TMA is the administrator for the
Enhanced Competency Framework on Treasury Management (ECF-TM) and a recognized
institution of Securities and Futures Commission (SFC) for providing continuing
professional development (CPD) activities. The CPD hours can be used to meet
the CPD requirements of the ECF-TM and the SFC.
To qualify for the CPD credits or attendance certificate of the seminar,
all participants have to sign-in and sign-out. We regret that neither CPD nor
attendance certificate will be given to those who are late for the seminar or
leave early. TMA Office will update TMA Individual Members’ CPD record after
the seminar is held.
