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.
Search Results
Operations in Financial Markets
2 Sep 2003
RBA Annual Report
– 2003
An important development during the year was the commencement of operations of the CLS Bank, which operates a new global system for the settlement of foreign exchange transactions.
https://www.rba.gov.au/publications/annual-reports/rba/2003/oper-fin-mkts.html
Methodology
31 Dec 2012
RDP
2012-06
Excluding a number of participants for which indirect settlement would be unrealistic (such as the 4 largest participants, CLS Bank and the RBA), there are 49 participants altogether that are considered ... In our simulations, the RBA, CLS Bank and the
https://www.rba.gov.au/publications/rdp/2012/2012-06/methodology.html
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The Reserve Bank of Australia – Post Wallis
28 Oct 1999
Speech
Keynote lecture by John Laker to the Monash University Law School Foundation, Melbourne
https://www.rba.gov.au/speeches/1999/sp-ag-281099.html
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
Bank bill swap rate. BECS. Bulk Electronic Clearing System. BIS. Bank for International Settlements. ... CIT. Cash-in-transit. CLS. CLS Bank International. CME. Chicago Mercantile Exchange Inc.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
References
1 Apr 2021
RDP
2021-04
Chapman B (2014), ‘The Impact of RBA Monetary Surprises’, Unpublished manuscript, Reserve Bank of Australia, 30 June. ... RBA (Reserve Bank of Australia) (2002), ‘Overnight Indexed Swap Rates’, RBA Bulletin, June, pp 22–25.
https://www.rba.gov.au/publications/rdp/2021/2021-04/references.html
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The Role of the Payments System Board
16 Jun 1999
Speech
Speech by John Laker to AIC Conference on ‘Australian Payments System Evolution’, Sydney
https://www.rba.gov.au/speeches/1999/sp-ag-160699.html
Appendix A: Background Information | 2021 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS is used to settle time-critical wholesale payments for other financial market infrastructures (FMIs): Australian dollar pay-ins to, or pay-outs from, CLS Bank International (CLS); margin payments to ... Availability for 2017 and earlier years
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-a.html
International Financial Cooperation
20 Sep 2018
RBA Annual Report
– 2018
The Reserve Bank is one of 60 central banks holding shares in the BIS. ... Staff from Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank International, which provides a settlement
https://www.rba.gov.au/publications/annual-reports/rba/2018/international-financial-cooperation.html
General Background | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The SWIFT PDS is used primarily to submit customer and bank-to-bank payments to RITS, including the Australian dollar leg of foreign exchange transactions that settle in CLS Bank International ... Reserve Bank of Australia (2012), Strategic Review of
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/background.html
Speeches – 2017
31 Dec 2017
Speeches by senior staff of the Reserve Bank
https://www.rba.gov.au/speeches/2017/