Source: Preparatory Survey Team of Phase 1 Figure 2-1 CBM-NET Phase 1 and CBM-OA 2.1.2 Overview of the Current System Application CBM-NET Phase 1 covers funds transactions, treasury bond/bill transactions, credit and collateral management, mechanized clearinghouse, and master/operation/user management. Funds transactions by RTGS in the system include cash deposits, withdrawals (MMK, USD, EUR, SGD, JPY), and funds transfers (MMK, USD, EUR, SGD, JPY). Treasury bond/bill transactions within the system consist of new issuance, T-Bond/Bill selling, T-Bond/Bill transfers, T-Bond/Bill DVP, and interest payments and redemption. Moreover, the connection with MPU has been implemented with support of JICA Technical Assistance after Phase 1. 12