The project involves establishment of Central Bank of Myanmar Financial Network System (CBM-NET), a computer network that transmits and processes transfer instructions. It links the Central Bank’s computer center, its head office/branches, and the system’s participants. The CBM-NET comprises two systems: a system for funds transfers (the CBM-NET Funds Transfer Service (FTS)) and a system for the custody and settlement of Government and central bank securities – the CBM-NET central securities depository (CBM-NET CSD). The CBM- NET FTS processes funds transfers through accounts that participants hold with the Central Bank.