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
22 Jul 2020
RDP
2020-03
Fernandes K and D Jones (2018), ‘The Reserve Bank's Securitisation Dataset’, RBA Bulletin, December, viewed 19 February 2020. ... Foote CL and PS Willen (2017), ‘Mortgage-Default Research and the Recent Foreclosure Crisis’, Federal Reserve Bank
https://www.rba.gov.au/publications/rdp/2020/2020-03/references.html
The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
22 Jul 2020
RDP
2020-03
3. Data Description. The Reserve Bank of Australia (RBA) accepts residential mortgage-backed securities (RMBS) as collateral in its domestic market operations. ... While foreclosures in the absence of 90+ day arrears are relatively rare, in line with
https://www.rba.gov.au/publications/rdp/2020/2020-03/full.html