由那时起，所有持牌银行必须直接在外汇基金开设结算帐户。
Since then , all licensed banks have had to maintain direct clearing accounts with the exchange fund.
为免与持牌银行混淆，“零售”或“商业”等字眼一律不得采用。
To avoid confusion with licensed Banks, descriptions such as' retail 'or' commercial 'are not allowed.
我们认为持牌银行要履行这个责任，应以不危害银行体系整体稳定及健全运作的方式来经营业务。
We consider it the fiduciary duty of licensed banks to conduct their business in a manner that does not undermine the general stability and effective working of the banking system.
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