Search: CLS Bank

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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

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
a World of Low Interest Rates, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 135–154. ... RBA (Reserve Bank of Australia) (2018), ‘Assessing the Effects of Housing Lending Policy Measures’, Financial Stability Review, October,
https://www.rba.gov.au/publications/rdp/2021/2021-07/references.html

Macroprudential Limits on Mortgage Products: The Australian Experience

26 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Our paper presents a bank-level panel data study of banks' reactions to the policies. ... 518. Notes: Coefficients from panel regressions, across banks and quarters, of commitments growth on 4 lags of the bank-invariant policy indicator variable.
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html