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 Foreign Exchange Market and Central Counterparties
10 Mar 2010
Bulletin
PDF
153KB
Reserve Bank of Australia Bulletin March 2010
https://www.rba.gov.au/publications/bulletin/2010/mar/pdf/bu-0310-8.pdf
The Reserve Bank's Collateral Framework
7 Dec 2017
Bulletin
– December 2017
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html
The Foreign Exchange Market and Central Counterparties
10 Mar 2010
Bulletin
– March 2010
In some cases, the public sector may be required to facilitate and encourage cooperation, as was the case with the establishment of CLS Bank in 2002 (see below). ... CLS (2009), ‘Briefing on the Global FX Market and the Role of CLS Bank’, September
https://www.rba.gov.au/publications/bulletin/2010/mar/8.html
Measuring Credit Losses
31 Dec 2015
RDP
2015-06
It is unbalanced, as banks enter, exit, and merge. On average, it covers around 80 per cent of bank lending in Australia over the sample period (Figure 2). ... This choice also excludes lending by banks' domestic finance company and merchant bank
https://www.rba.gov.au/publications/rdp/2015/2015-06/mea-cre-losses.html
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Foreign Exchange Settlement Practices in Australia
10 Feb 1998
Bulletin
– February 1998
Participating banks would hold accounts with a special purpose bank, to be called Continuous Linked Settlement (CLS) Bank. ... The CLS Bank would be a member of the RTGS system of each of the currencies being settled, enabling it to effect payments to
https://www.rba.gov.au/publications/bulletin/1998/feb/2.html
The Role of the Payments System Board
22 Feb 2001
Bulletin
PDF
65KB
13. The most ambitious global initiative toreduce foreign exchange settlement risk is theContinuous Linked Settlement (CLS) Bank,which is being developed by a group of majorinternational banks. ... In the meantime, the Reserve Bank has beenworking
https://www.rba.gov.au/publications/bulletin/1999/jul/pdf/bu-0799-2.pdf
Foreign Exchange Settlement Practices in Australia
22 Feb 2001
Bulletin
PDF
31KB
to be calledContinuous Linked Settlement (CLS) Bank.Final and irrevocable settlement of foreignexchange transactions would take place acrossthose accounts. ... The CLS Bank would be amember of the RTGS system of each of thecurrencies being settled,
https://www.rba.gov.au/publications/bulletin/1998/feb/pdf/bu-0298-2.pdf
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
MONEY DEM.RD, OWN INTEREST RATES MW DEREGULATION Adrian Blundell_Wignall* ...
17 Oct 2014
RDP
PDF
1096KB
years. If conpet1tio3 from non-bank financial intermediaries has also just. kept pace with banks in providing these services., the appearance of relative. ... by non-bank financial institutions at the expense of banks. The subsequent.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8703.pdf
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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