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
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
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
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
Payments System Board Annual Report 1999 - The Board's First Year
22 Sep 2005
PSB Annual Report
1999
PDF
394KB
https://www.rba.gov.au/publications/annual-reports/psb/1999/pdf/first-year.pdf
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
Payments to and from the CLS Bank will be made through settlement accounts it will hold with the central banks of eligible currencies. ... Although individual transactions will be settled gross across the books of the CLS Bank, banks will pay in only
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.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
Payments System Board Annual Report 2014 - Oversight of High-value Payment Systems
25 Sep 2014
PSB Annual Report
2014
PDF
222KB
https://www.rba.gov.au/publications/annual-reports/psb/2014/pdf/oversight-high-value.pdf
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
Discussion on Can Central Bank Transparency Go Too Far? | Conference – 2004
9 Aug 2004
Conferences
Now suppose we pick three arbitrary central banks – central bank A, central bank B and central bank C. ... Transparency had since increased significantly, bringing most central banks to a point somewhere in the vicinity of central bank ‘B’, at the
https://www.rba.gov.au/publications/confs/2004/mishkin-disc.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