BoE, MAS and BoT to test synchronised FX settlement
Project will use ‘synchronisation operator’ to achieve atomic settlement
The central banks of the UK, Singapore and Thailand launched a project today (November 13) to develop synchronised foreign exchange settlement systems.
In a joint statement, the Bank of England, the Monetary Authority of Singapore (MAS), and the Bank of Thailand (BoT) said they planned to test the interoperability of their settlement systems and explore “complex multilateral use cases”.
The trial will build on the findings of Project Meridian FX, a synchronised FX settlement trial between the BoE
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