(2) Number of FIs implementing STP connection For implementing STP connection, the applicable FI needs to have a CBS prepared. Currently, major commercial banks have introduced a CBS, and according to the survey, about 1/3 of banks are developing or planning it. In particular, 13 banks out of 40 answered that the CBS is already developed and capable (and wish) to connect STP. However, 4 banks out of those 13 banks could not answer actual or too long (more than 2 years) duration for modification of CBS to connect, so that currently 9 banks are surely possible to connect via STP. Given this situation, it is expected that about 9 banks will have STP connection by 2023. Table 4-1 Capability for connection to CBM-NET via STP (n=40) Capability to connect via STP Development of CBS Done Not yet Capable 13* 3 (not actual) (4) Not Capable 10 14 * 4 FIs out of 13 answered the necessary period too long (more than 2 years) or not actual. Table 4-2 Quantitative target indicators Indicator name Reference value Target value (2023) (Actual value in 2017) [Three years after project completion] Settlement amount on CBMNET (hundred million MMK 6,610 12,438 0 9 MMK per day) Number of FIs implementing STP connection 4.4.2.3 Qualitative indicators The qualitative effects of CBM-NET's second project are as follows:  Improvement of efficiency in settlement operations by the commercial banks 120