Improvement in system availability
Improvement of the implementation status of the principle of financial
market infrastructure (PFMI)
Revitalization of interbank transactions (increased transactions in the
money market and the capital market)
Stabilization of the financial system
(1) Improvement of efficiency in settlement operations by the commercial banks
At commercial banks that shifted to STP, it used to be required to enter settlement
information into CBM-NET after the internal payment process. Operation efficiency
improves because these tasks are automated by STP. In addition, CBM-NET also
supports the international standard format, so it is easier to design procedures when
processing received messages at the bank. Moreover, optimization of work (such as
the efficient use of deposit by introduction of LSF, reduction of re-sending instruction
by queueing function, avoiding of manual works by introduction of automatic data
exchange function) will be offered to all FIs in Myanmar.
(2) Improvement in system availability
Since CBM-NET's business continuity site for disaster recovery is prepared, even if
the main site in Yangon suffered damage, the data center in Nay Pyi Taw can take
over the settlement processing; thus, the commercial banks can continue settlement.
The development of FI’s DR site will be promoted by the implementation of CBM’s
DR site since it will provide the direction for the development.
(3) Improvement of the implementation status of Principles for financial market
infrastructures (PFMI)
CBM and some commercial banks will secure the operational safety of settlement
through the development of disaster recovery sites and back-up systems. This is not
just an improvement of the information system, but also a review including the
system and procedure of the administrative operation. Such arrangement will lead
to a reduction in settlement risk pointed out by PFMI.
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