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
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
In this task, the Reserve Bank seeks to provide sufficient ESA funds to meet demand by banks, rather than seeking to provide any specific level of funds. ... Banks may, at their discretion, enter into intraday repos with the Reserve Bank to obtain
https://www.rba.gov.au/publications/bulletin/2010/sep/8.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
The Australian Financial System
10 Mar 2011
FSR
– March 2011
CLS Bank is chartered in the United States and regulated and supervised by the Federal Reserve System. ... Members of the Oversight Committee receive regular communications from CLS Bank, which allows them to monitor the operation of CLS Bank's
https://www.rba.gov.au/publications/fsr/2011/mar/aus-fin-sys.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
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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
Real-time Gross Settlement in Australia
21 Sep 2010
Bulletin
PDF
257KB
Reserve Bank of Australia Bulletin September 2010
https://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-8.pdf
OTC Derivatives Reforms and the Australian Cross-currency Swap Market
24 Jun 2013
Bulletin
– June 2013
Reforms to improve the management of counterparty credit risk in over-the-counter (OTC) derivatives markets are underway globally. A key pillar of the reforms is the migration of these markets to central counterparties (CCPs), while higher capital
https://www.rba.gov.au/publications/bulletin/2013/jun/7.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
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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References
1 Apr 2021
RDP
2021-04
Chapman B (2014), ‘The Impact of RBA Monetary Surprises’, Unpublished manuscript, Reserve Bank of Australia, 30 June. ... RBA (Reserve Bank of Australia) (2002), ‘Overnight Indexed Swap Rates’, RBA Bulletin, June, pp 22–25.
https://www.rba.gov.au/publications/rdp/2021/2021-04/references.html
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