But the plumbing between bank payment systems and clearing houses remains fragmented.

但是，银行支付系统与票据交换所之间的沟通渠道仍然不畅。

youdao

Article 159 The registration and clearing institution of registered corporate bonds shall establish systems relating to registration and custody of bonds, interest payment, encashment, etc.

第一百五十九条记名公司债券的登记结算机构应当建立债券登记、存管、付息、兑付等相关制度。

youdao

Article 159 The registration and clearing institution of registered corporate bonds shall establish systems relating to registration and custody of bonds, interest payment, encashment, etc.

第一百五十九条记名公司债券的登记结算机构应当建立债券登记、存管、付息、兑付等相关制度。

youdao