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 2007
RDP
2007-12
A Summary of New Micro Evidence’, European Central Bank Working Paper Series No 563. ... Evidence Based on the Micro Data Underlying the Belgian CPI’, European Central Bank Working Paper Series No 331.
https://www.rba.gov.au/publications/rdp/2007/2007-12/reference.html