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
16 May 2008
RDP
2008-02
Elder R, G Kapetanios, T Taylor and T Yates (2005), ‘Assessing the MPC's Fan Charts’, Bank of England Quarterly Bulletin, Autumn, pp 326–345. ... Robertson JC and EW Tallman (1999), ‘Vector Autoregressions: Forecasting and Reality’, Federal
https://www.rba.gov.au/publications/rdp/2008/2008-02/references.html