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It is a single-tier system where participants settle with one central clearing house. Participating banks may obtain intraday liquidity via an overdraft facility provided by Standard Chartered Bank.
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Intraday repos that are not reversed at the end of the business day are carried into overnight borrowing. Banks are able to alter, cancel, and re-sequence payments in their queues.
In addition to obtaining intraday repos for payment settlement, cam4 live sex chat banks may also obtain intraday liquidity via an overdraft facility provided by HSBC. Hongkong Bank acted as the clearing house under this system, settling payments across its books on a net basis on the day following the transactions.
About banks settled with ten clearing banks.