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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References
31 Dec 2010
RDP
2010-07
Eichenbaum M and CL Evans (1995), ‘Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates’, The Quarterly Journal of Economics, 110(4), pp 975–1009. ... Mojon B and G Peersman (2001), ‘A VAR Description of the
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