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 2003
RDP
2003-07
Macklem RT (1994), ‘Wealth, disposable income and consumption: some evidence for Canada’, Bank of Canada Technical Report No 71. ... Reserve Bank of Australia (2003), ‘Housing equity withdrawal’, Reserve Bank of Australia Bulletin, February, pp
https://www.rba.gov.au/publications/rdp/2003/2003-07/references.html