中央结算系统

《中央结算系统运作程序规则》

CCASS Operational Procedures ( Central Clearing and Settlement System Operational Procedures )

《强制证券借贷规例》（中央结算系统）

Compulsory Stock Borrowing and Lending Regulations ( CCASS )

债务工具中央结算系统是香港的中央债券结算交收系统，而rits则为类似的澳洲政府债券系统。

CMU is the central clearing and settlement system for debt securities in Hong Kong and RITS is a similar system for Australian government debt securities .

债务工具中央结算系统成员可买卖和持有韩国债券。

CMU members can trade and hold Korean debt securities .

债务工具中央结算系统将会担任其成员的韩国债券托管人。

The CMU will act as custodian of Korean debt securities for CMU members .

强制证券借入交易（中央结算系统）

Compulsory Stock Borrowing Transaction ( CCASS )

中央结算系统的买卖净额持续交收制度

CCASS continuous net settlement system

中央结算系统参与者保荐帐户

CCASS Participant Sponsored Account

中央结算系统的每日活动报告

CCASS Daily Activities Report

强制证券借贷服务（中央结算系统）一、每日出借有价证券之种类与限额。

Compulsory Stock Borrowing and Lending Service ( CCASS ) Classes and amounts of securities loaned each day .

缺乏秩序或系统的安排或运作的。《中央结算系统运作程序规则》

Lacking order or methodical arrangement or function . CCASS Operational Procedures ( Central Clearing and Settlement System Operational Procedures )

夏威夷失去了自己所有的公信力，在糖碗，而债务工具中央结算系统及股还没有任何收入。

Hawaii lost all their credibility in the Sugar Bowl , while CMU and FAU have yet to earn any .

债务工具中央结算系统收到系统成员经系统终端机发出的确认交易讯息后，便会进行最终的结算交收程序。

After obtaining confirmation of the trade from the CMU members through their CMU terminals , the CMU will process the final settlement .

目前，中央结算系统有217名成员，当中大部分是本港金融机构。

It has recorded remarkable growth since then and 217 CMU members , which are mostly financial institutions in Hong Kong , participate in the system .

首先，卖家能通过这个计划借取债务证券，减低卖家因缺货以致无法结算的机会，从而提高债务工具中央结算系统债务证券结算效率。

First , it will improve the settlement efficiency of CMU instruments as securities made available by borrowing through the programme will help to reduce the chance of settlement failure .

有关经联交所参与者及中央结算系统递交竞争性投标申请的费用，投资者应向其股票经纪查询及参考中央结算系统的收费表。

For the fees for submitting competitive tender bids through stock exchange participants and ccass , investors should consult their stock brokers and refer to the charging scheme of ccass .

推出这个计划的目的，是要提高债务工具中央结算系统下私营机构债券的流通性和结算效率，以及通过提高贷方的收益率，从而增加这些债券对投资者的吸引力。

The programme aims to enhance the liquidity and settlement efficiency of CMU private sector debt securities , and increase their attractiveness to investors by enhancing the yields for the lenders .

新的联网安排可大大减低结算风险及提高结算效率，使亚洲投资者可透过债务工具中央结算系统成员，在安全稳妥的环境下结算及交收国际债券。

The new link will improve settlement risk and efficiency such that investors in this region can clear and settle international securities in a secure and robust environment through CMU members .

第三阶段将于年底前推出，其范围包括提供美元支票结算，以及为结算美元债券提供所需的即时支付结算系统与债务工具中央结算系统之间的联系。

The third phase , covering US dollar paper cheque clearing and the RTGS interface with the central Moneymarkets unit for settling US dollar denominated debt securities , will be launched before christmas .

中央结算及托管系统

Central Clearing and Depository System

一九九八年五月，金管局把香港银行同业结算有限公司的交收系统与中央结算及交收系统连接，为股票交易提供货银两讫结算服务，以减低风险及提高结算效率。

A link between Hong Kong Interbank Clearing Limited and the central clearing and settlement system was set up in May1998 to provide delivery versus payment facility for shares in order to reduce risk and improve settlement efficiency .

香港中央结算有限公司负责管理为联交所的证券买卖而设的证券中央结算及交收系统。

The Hong Kong Securities Clearing Company ( HKSCC ) operates the Central Clearing and Settlement System ( CCASS ) for securities trading at the SEHK .