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.
Search Results
Safety and Stability
1 Oct 2000
PSB Annual Report
– 2000
Individual transactions will be settled gross across the books of CLS Bank but banks will pay in, through the relevant domestic RTGS system, only their net short positions and in turn ... CLS Bank is being developed by around 60 shareholder banks active
https://www.rba.gov.au/publications/annual-reports/psb/2000/safety-stability.html
Methodology
31 Dec 2012
RDP
2012-05
For simplicity, we allow unlimited liquidity for the RBA, CLS Bank and the settlement accounts of the equity and futures clearing and settlement systems. ... Excluding the RBA, CLS Bank and the settlement accounts for the equity and futures markets.
https://www.rba.gov.au/publications/rdp/2012/2012-05/methodology.html
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International Financial Co-operation
21 Aug 2002
RBA Annual Report
– 2002
Central bank oversight of the operations of CLS Bank, which is the vehicle through which the settlements are processed, is being co-ordinated through the CPSS. ... As the Australian dollar is one of the seven currencies that will be settled in CLS Bank,
https://www.rba.gov.au/publications/annual-reports/rba/2002/intl-fin-coop.html
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
Austraclear. Austraclear Limited. BBSW. Bank bill swap rate. BCBS. Basel Committee on Banking Supervision. ... Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
Business Services
24 Aug 2001
RBA Annual Report
– 2001
Major changes to the settlement of foreign exchange transactions are planned over the coming year with the establishment of the ‘continuous linked settlement’ (CLS) Bank. ... assured. CLS Bank is being developed by over 60 shareholder banks active in
https://www.rba.gov.au/publications/annual-reports/rba/2001/bus-serv.html
Surveillance of the Financial System
30 Jun 1998
RBA Annual Report
– 1998
To reduce such risk further, a group of major international banks is planning to establish a limited-purpose vehicle – the Continuous Linked Settlement (CLS) Bank – to facilitate the simultaneous settlement of ... the CLS Bank can have access to
https://www.rba.gov.au/publications/annual-reports/rba/1998/surveillance.html
Business Services
28 Jul 2004
RBA Annual Report
– 2004
of time-critical customer payments and Australian dollar foreign exchange settlements (including those settled by CLS Bank for which a net settlement is made daily on an RTGS basis). ... To the extent that Australian dollar foreign exchange settlements
https://www.rba.gov.au/publications/annual-reports/rba/2004/bus-serv.html
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
Austraclear. Austraclear Limited. BBSW. Bank bill swap rate. BCBS. Basel Committee on Banking Supervision. ... Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html
Abbreviations
15 Oct 2020
PSB Annual Report
– 2020
CAC Act. Commonwealth Authorities and Companies Act 1997. CBDC. Central bank digital currency. ... Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html
References
31 Jan 2023
RDP
2023-01
Foote CL, L Loewenstein and PS Willen (2016), ‘Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications’, NBER Working Paper No 22985. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve
https://www.rba.gov.au/publications/rdp/2023/2023-01/references.html
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