Search: CLS Bank

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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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References

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
Monetary Shock under Global Integration’, Bank of Japan Working Paper Series No 13-E-16. ... Emerging Markets, BIS Papers No 78, Bank for International Settlements, Basel, pp 51–70.
https://www.rba.gov.au/publications/rdp/2019/2019-03/references.html

Explaining Monetary Spillovers: The Matrix Reloaded

1 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
We consider monetary policy shocks from seven advanced economy central banks: Federal Reserve, European Central Bank, Bank of Japan, Bank of England, Bank of Canada, Reserve Bank of Australia, Swiss National ... Bank. An overview of the different central
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html