The undertaking given by the hkma to licensed banks to sell us dollars to them for the hong kong dollar balances in their clearing accounts at the fixed exchange rate of hk 7 . 80 to us 1 据此，金管局保证会按7 . 80港元兑1美元的固定汇率向它们出售美元，以换取其结算户口内的港元结馀。
Consequently , the aggregate balance in the clearing accounts of licensed banks , that crucial element of the monetary base is very small compared with the volume of capital flows 相对资金流量，持牌银行的结算帐户总结馀是货币基础的重要组成部分数额很小，因此利率对资金流向极为敏感。
As us dollars were sold to the exchange fund , the aggregate balance of the hong kong dollar clearing accounts of banks correspondingly increased and interest rates in the interbank market fell 金管局为外汇基金购入美元时，银行港元结算户口的总结馀会相应增加，银行同业市场利率会下降。
Under the interbank payment system based on real time gross settlement principles , all licensed banks maintain a clearing account with the monetary authority for the account of the exchange fund 在银行同业的即时支付结算系统下，所有持牌银行必须透过金融管理专员在外汇基金开设结算帐户。
Information on the aggregate balance in the clearing accounts of licensed banks maintained with the hkma is already available almost on real time and this is unparalleled in any other jurisdiction 关于持牌银行在金管局所持结算帐户的结馀总额资料，现时已几乎是即时公布，这项措施在任何其他市场绝无仅有。
