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Source: Preparatory Survey Team Figure 3-16 Relations between payment types and settlement methods (B) Comparison of RTGS and DTNS on Retail Payment Considering the efficient use of liquidity and the compatibility with other settlement system such as MPU or MCH, ACH for retail payments will be processed in DTNS mode. The frequency of settlement can also be set by CBM. Table 3-12 Comparison of RTGS and DTNS Source: Preparatory Survey Team 45

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Preparatory Survey for the Project for Development of ICT System for Central Banking (Phase 2): Final Report

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English

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Internet Connectivity / Accessibility

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Central Bank of Myanmar
Japan International Cooperation Agency (JICA)

Date Published: Mar 1, 2018

Abstract: Central Bank of Myanmar (hereinafter, CBM) introduced Central Bank of Myanmar Financial Network System in January 2016 under the Japanese official development aid “THE PROJECT FOR DEVELOPMENT OF ICT SYSTEM FOR CENTRAL BANKING” (E/N: October 2013, JPY 5.1 billion). CBM-NET makes a series of manual-based operations such as the management of current account and its outstanding, issuance/interest payment/redemption of government bond and its balance into system-based ones. In addition, as a result of financial system reform, for example dematerialization of government bond and the introduction of government bond book-entry system etc., the financial infrastructure in Myanmar has been developed step by step.

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Myanmar Internet Project

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Preparatory Survey for the Project for Development of ICT System for Central Banking (Phase 2): Final Report

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