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 Australian Financial System
18 Aug 2011
FSR
– March 2011
PDF
537KB
https://www.rba.gov.au/publications/fsr/2011/mar/pdf/aus-fin-sys.pdf
Business Services
2 Sep 2003
RBA Annual Report
– 2003
CLS Bank has been granted an ES account with the RBA for this purpose. ... Currently nine banks in Australia make payments to CLS Bank on their own account or that of other CLS settlement members.
https://www.rba.gov.au/publications/annual-reports/rba/2003/bus-serv.html
Methodology
31 Dec 2012
RDP
2012-06
Excluding a number of participants for which indirect settlement would be unrealistic (such as the 4 largest participants, CLS Bank and the RBA), there are 49 participants altogether that are considered ... In our simulations, the RBA, CLS Bank and the
https://www.rba.gov.au/publications/rdp/2012/2012-06/methodology.html
See 12 more results from "RDP 2012-06"
Safety and Stability
24 Mar 2003
PSB Annual Report
– 2002
Settlement takes place on a ‘payment-versus-payment’ (PvP) basis – to minimise its exposure to member banks, CLS Bank settles transactions if, and only if, each member retains an overall positive ... Development of CLS Bank began in 1997 as an
https://www.rba.gov.au/publications/annual-reports/psb/2002/safety-stability.html
International Financial Cooperation
20 Sep 2018
RBA Annual Report
– 2018
The Reserve Bank is one of 60 central banks holding shares in the BIS. ... Staff from Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank International, which provides a settlement
https://www.rba.gov.au/publications/annual-reports/rba/2018/international-financial-cooperation.html
How Will Ageing Affect the Structure of Financial Markets?
3 Jan 2007
Conferences
PDF
185KB
RBA Conference Volume 2006
https://www.rba.gov.au/publications/confs/2006/pdf/davis.pdf
International Financial Cooperation
17 Oct 2019
RBA Annual Report
– 2019
The Reserve Bank is one of 60 central banks holding shares in the BIS. ... Staff from Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank International, which provides a settlement
https://www.rba.gov.au/publications/annual-reports/rba/2019/international-financial-cooperation.html
THE 1930'S AND THE 1980'S: SOME FACTS P.D. Jonson ...
23 Feb 2017
RDP
PDF
1608KB
The views expressed herein are solely those of the author(s) and are not necessarily shared by the Reserve Bank of Australia. ... The Growth of a Central Bank, Melbourne University Press, 1951. Gregory, R.G.
https://www.rba.gov.au/publications/rdp/1983/pdf/rdp8303.pdf
International Financial Cooperation
12 Apr 2020
RBA Annual Report
– 2020
The Reserve Bank is one of 62 central banks and monetary authorities holding shares in the BIS. ... Staff from Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank International,
https://www.rba.gov.au/publications/annual-reports/rba/2020/international-financial-cooperation.html
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
Bank bill swap rate. BECS. Bulk Electronic Clearing System. BIS. Bank for International Settlements. ... CIT. Cash-in-transit. CLS. CLS Bank International. CME. Chicago Mercantile Exchange Inc.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html