Search: CLS Bank
RBA Glossary definition for CLS Bank
CLS Bank – CLS Bank is a multi-currency bank, regulated by the Federal Reserve Bank of New York, which uses central bank funds to simultaneously settle cross-currency transactions in real time through a process known as Continuous Linked Settlement (CLS).
RBA Glossary definition for CLS
CLS – Continuous Linked Settlement. A process enabling simultaneous foreign exchange settlement across the globe, eliminating the settlement risk caused by delays arising from time-zone differences.
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International Financial Cooperation
27 Oct 2022
RBA Annual Report
– October 2022
The Reserve Bank is one of 63 central banks and monetary authorities holding shares in the BIS. ... Over 2021/22, staff from the Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank
https://www.rba.gov.au/publications/annual-reports/rba/2022/international-financial-cooperation.html
The Foreign Exchange Market and Central Counterparties
10 Mar 2010
Bulletin
– March 2010
In some cases, the public sector may be required to facilitate and encourage cooperation, as was the case with the establishment of CLS Bank in 2002 (see below). ... CLS (2009), ‘Briefing on the Global FX Market and the Role of CLS Bank’, September
https://www.rba.gov.au/publications/bulletin/2010/mar/8.html
The Reserve Bank's Collateral Framework
7 Dec 2017
Bulletin
– December 2017
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html
Payments System Board Annual Report 2001 - Safety and Stability
22 Sep 2005
PSB Annual Report
2001
PDF
138KB
https://www.rba.gov.au/publications/annual-reports/psb/2001/pdf/safety-stability.pdf
Payments System Board Annual Report 2003 - Safety and Stability
22 Sep 2005
PSB Annual Report
2003
PDF
98KB
https://www.rba.gov.au/publications/annual-reports/psb/2003/pdf/safety-stability.pdf
Domestic Market Dealing Arrangements
15 Jul 2002
Media Releases
Announcement of new facility for intra-day repurchase agreements to help banks meet liquidity needs under Continuous Linked Settlement (CLS) arrangements
https://www.rba.gov.au/media-releases/2002/mr-02-14.html
Payments System Board Annual Report 2002 - Safety and Stability
22 Sep 2005
PSB Annual Report
2002
PDF
157KB
https://www.rba.gov.au/publications/annual-reports/psb/2002/pdf/safety-stability.pdf
List of tables
20 Sep 2005
PSB Annual Report
– 2005
81. 2004. 14,400. 69. 2005. 15,100. 66. Sources: Banks' websites. ANZ Telstra/Rewards Visa card, Commonwealth Bank MasterCard Awards card, National Australia Bank Visa Gold card and Westpac Altitude ... Source: CLS Bank.
https://www.rba.gov.au/publications/annual-reports/psb/2005/tables.html
Domestic Market Dealing Arrangements
5 Sep 2002
Media Releases
RBA announces Continuous Linked Settlement (CLS) system for the settlement of foreign exchange transactions will commence on Monday 9 September 2002
https://www.rba.gov.au/media-releases/2002/mr-02-17.html
RITS Membership List
3 Feb 2024
List of current RITS Members
https://www.rba.gov.au/payments-and-infrastructure/rits/membership/membership-list.html