The Asian Clearing Union Will Launch a New Cross - border Financial Settlement System
The latest news shows that the Asian Clearing Union (ACU) - a regional multilateral trade clearing institution composed of nine Asian countries - plans to launch a new cross - border financial settlement system in June this year. This system is regarded as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system.
PSB Record: Shanghai No.31011502009912
