6.4 Financial market infrastructure Interoperable clearing and settlement systems: Develop or enhance clearing and settlement systems that support interoperability between different CBDCs. Design infrastructure that enables seamless transfer and settlement of CBDC transactions across multiple platforms, including efficient cross-border transactions. Standardization of messaging formats: Adopt standardized messaging formats and protocols that facilitate the exchange of information and value between different CBDC systems. Collaborate with central banks, industry consortia and standard-setting bodies to establish common data formats, messaging standards and interoperability frameworks. Share insights: Financial market infrastructure players have been operating in the payments interoperability space and have deep knowledge and lessons learned from their work. These lessons can be implemented and drive interoperable CBDC systems. Central Bank Digital Currency Global Interoperability Principles 33
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