On our part, the signing of the MOA cements and formalizes our recognition of PPMI as THE industry-led self-governing payment system management body for retail payment systems in the country. The MOA also expresses our commitment to provide continuing guidance so that the industry’s activities remain aligned and harmonized with the NRPS Framework.
Especially in the past 5 years, we have made noticeable achievements in the construction and development of the payment & settlement system. For instance, we established the RTGS large-value payment system nationwide and launched automatic pledgebased financing in May 2006 to facilitate the liquidity management of participants.