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According to clearing updates from the central bank, in response to the evolving requirements of monetary policy tool execution, and to provide comprehensive support for implementing DVP settlement in outright repo transactions during open market operations, thereby further boosting operational settlement efficiency, the Clearing Center of the People's Bank of China has recently integrated the DVP settlement capability for outright repo transactions in open market operations into the Central Bank Accounting Data Concentrated System (ACS). This integration has been successfully rolled out. Notably, the ACS system has recently processed the inaugural batch of DVP settlement transactions for outright repo in open market operations, encompassing a total of 20 transactions and involving 777 detailed registered bond entries.
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