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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The Level of Investment and the Choice of Funds
1 Dec 1990
RDP
9011
To see this, suppose a firm could borrow $10 from the bank or $1 from each of its existing ten shareholders. ... ε(mvf. cl. ) = DE(ε(q)1)(1t. c. ) = (ε(p)/p. )(DE)(1t. c. )
https://www.rba.gov.au/publications/rdp/1990/9011/level-of-investment-and-the-choice-of-funds.html