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 2005
RDP
2005-06
Studies in money and credit. , Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 53–85. ... Australian banks during the 1986–93 credit cycle’, Federal Reserve Bank of Atlanta.
https://www.rba.gov.au/publications/rdp/2005/2005-06/references.html