Hong Kong Exchanges and Clearing (HKG:0388) and the Hong Kong Monetary Authority (HKMA) are exploring the use of e-HKD as a new digital payment service for after-hour trading in the derivatives market, according to a Thursday release by the latter.
e-HKD is a wholesale central bank digital currency (CBDC) that is operational 24/7.
The joint pilot project aims to boost risk management for derivatives trading outside regular banking hours through a more flexible and efficient advance margin payment arrangement.
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