In order to provide strict delivery versus payment for Government securities, the Bank of Mauritius has already tested on a pilot basis, a system for on line auctioning of bills. The first phase of this system was rolled out on 7 October 2011.
Finally, I would like to thank the organiser, Visa, in bringing together the main players in the card business chain, the cooperation among which is vital for resolving the various security, risk and fraud issues facing the card payment systems. I wish you plenty of success for the Visa Card Security Week 2011. BIS central bankers’ speeches  3