The Hong Kong Monetary Authority (HKMA) and the banking industry are satisfied with the progress of the real time gross settlement (RTGS) system launched last month.
The system, whose introduction caused concern in the industry, changes interbank settlement from a net and daily basis to a real time gross settlement basis.
HKMA chief executive Joseph Yam Chi-kwong said the system was running smoothly, although there had been some minor problems.
'There was one large deal which needed 45 minutes to settle, it was too long,' he said.
He said the delay was due to relatively inexperienced and temporary staff at some banks.
The system coped well on Monday when interbank trading turnover reached $512 billion, compared with a typical trading day of $300 billion to $400 billion.