This applies to all forms of use of the exchange fund , from the technical requirement for every licensed bank to operate a clearing account with the fund to the purchase of hong kong equities 无论基于甚么原因及以哪种形式运用外汇基金，由每家持牌银行在外汇基金设立及操作结算户口的技术要求，以至买入港股这类敏感的行动，都应该有这种问责安排。
With the aggregate balance in the clearing accounts of banks now at hk 5 . 9 billion , the banking system as a whole is incurring an opportunity cost of hk 161 , 640 a day , or hk 1 . 1 million a week , or hk 4 . 8 million a month 银行目前的结算帐户总结馀为59亿港元，亦即是说整个银行体系现正承担每日161 , 640港元的机会成本，每星期为110万港元，每个月便达到480万港元。
As us dollars are sold to the exchange fund , the aggregate balance in the hong kong dollar clearing accounts of the banks - the crucial element of the monetary base - correspondingly increases and interest rates in the interbank market fall 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货币基础的重要组成部分会相应增加，银行同业市场利率会下降。
We have the powers to introduce charges on large balances maintained by banks in their clearing accounts held with us , so that the interest rate differential between holding hong kong dollars and holding us dollars becomes a lot higher than the current one per cent 如有需要，我们是可以开徵银行结算户口大额结馀的收费，使持有港元与美元之间的息差大幅度高出目前的
In line with the currency board mechanism , the role of the hkma is to take those us dollars and create the corresponding hong kong dollars by crediting the clearing accounts of the banks selling us dollars the required amounts in hong kong dollars 根据货币发行局的运作机制，金管局会吸纳这些美元，然后在有关银行的结算户口内记入相应的港元，藉此创造相同数额的港元。
The first technical measure is in the form of a clear undertaking from the hkma to licensed banks to convert hong kong dollars in their clearing accounts into us dollars at the fixed exchange rate of hk 7 . 75 to us 1 the convertibility undertaking 第一项技术性措施是金管局给予持牌银行明确保证，可以按港元兑美元的固定汇率，把它们的结算户口内的港元兑换为美元兑换保证。
This requires that the banks operate clearing accounts with the currency board and that the aggregate of the balances in their clearing accounts forms the crucial part of the monetary base which is subject to the monetary rule of the currency board , he said 为此，银行必须在货币发行局设立结算帐户，而银行结算帐户合共的结馀总额便构成货币基础的重要部分，而货币基础本身须符合货币发行局的货币规定。
