Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

More Than Half Of Dalian Commodity Exchange's Members Use The "Electronic Payment System"

Date 08/04/2010

Four months have passed since the Dalian Commodity Exchange (DCE) and China's five settlement banks together launched a trial run of the "Electronic Payment System" on December 7, 2009. At present, over half of the DCE's members have applied for system access permissions.

The head of the DCE's Clearing Department said that during the last four months, the "Electronic Payment System" has so been stable, and the system is already processing 66% of all payment business, occasionally reaching as high as 80%.