Search: 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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Oversight, Supervision and Regulation of Financial Market Infrastructures
15 Oct 2020
PSB Annual Report
– 2020
CLS Bank International (CLS) is currently the only international SIPS overseen by the Bank. ... RITS and CLS continued to operate smoothly and meet their operating capacity targets.
https://www.rba.gov.au/publications/annual-reports/psb/2020/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
CLS is an international settlement system that links the settlement of the two legs of a foreign exchange transaction. ... By operating such a payment-versus-payment settlement mechanism, CLS allows participants to mitigate foreign exchange settlement
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
Safety and Stability
24 Mar 2003
PSB Annual Report
– 2002
These efforts have focused on the development of a ‘continuous linked settlement’ mechanism, known as CLS Bank. ... These were the standards in place when the development of CLS Bank got under way.
https://www.rba.gov.au/publications/annual-reports/psb/2002/safety-stability.html
The Role of the Payments System Board
22 Feb 2001
Bulletin
PDF
65KB
The Role of the Payments System Board July 1999. 12. of the Australian dollar in the ContinuousLinked Settlement (CLS) Bank, an issue towhich I will refer later. ... A revised timetable for theestablishment of the CLS Bank is expectedto be announced
https://www.rba.gov.au/publications/bulletin/1999/jul/pdf/bu-0799-2.pdf
Payments System Board Annual Report 2010 - Other Regulatory Responsibilities
25 Oct 2010
PSB Annual Report
2010
PDF
247KB
https://www.rba.gov.au/publications/annual-reports/psb/2010/pdf/reg-response.pdf
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
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
Foreign exchange transactions involving the AUD are generally settled through CLS Bank International (CLS), with AUD funding paid to CLS through RITS. ... CLS; margin payments to central counterparties (CCPs); and debt and equity settlement obligations
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
account for the CLS Bank to enable it to become a participant in Australia's RTGS system. ... The Reserve Bank is working productively with CLS Services and the local payments industry on the prudential and operational issues involved.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
Payments System Board Annual Report 2002 - Safety and Stability
22 Sep 2005
PSB Annual Report
2002
PDF
157KB
https://www.rba.gov.au/publications/annual-reports/psb/2002/pdf/safety-stability.pdf
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html