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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Ongoing Regulatory Responsibilities
13 Sep 2007
PSB Annual Report
– 2007
payment-versus-payment (PvP) settlement (where both currencies are settled simultaneously) prior to the establishment of CLS Bank. ... funds in one currency and receiving funds in another, as occurs with traditional CLS settlements.
https://www.rba.gov.au/publications/annual-reports/psb/2007/reg-response.html
4. Financial Market Infrastructures
21 Oct 2021
PSB Annual Report
– 2021
CLS Bank International (CLS) – CLS operates a payment-versus-payment settlement system for foreign exchange transactions in a range of currencies, including the Australian dollar. ... systems). Australia. (RBA). CLS. Foreign exchange transactions
https://www.rba.gov.au/publications/annual-reports/psb/2021/financial-market-infrastructures.html
Oversight of High-value Payment Systems
24 Oct 2016
PSB Annual Report
– 2016
CLS is an international payment system that links the settlement of the two legs of a foreign exchange transaction. ... The Bank also uses this forum to oversee how well CLS meets relevant international standards.
https://www.rba.gov.au/publications/annual-reports/psb/2016/oversight-of-high-value-payment-systems.html
Oversight of High-value Payment Systems
9 Oct 2015
PSB Annual Report
– 2015
The Bank also uses this forum to oversee how well CLS meets relevant international principles. ... The Oversight Committee has monitored closely a number of developments in CLS during 2014/15.
https://www.rba.gov.au/publications/annual-reports/psb/2015/oversight-of-high-value-payment-systems.html
Safety and Stability
11 Nov 2004
PSB Annual Report
– 2004
The Continuous Linked Settlement Bank (CLS) has now been operating for two years. ... Settlements in these currencies are likely to commence by 2005, bringing the total number of currencies in CLS to 15.
https://www.rba.gov.au/publications/annual-reports/psb/2004/safety-stability.html
Payments System Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
Operations in Financial Markets
2 Sep 2003
RBA Annual Report
– 2003
CLS has also created additional demands for intra-day liquidity, although to date the effect has been fairly modest. ... Compared with the value being settled, these payments are relatively small reflecting the netting of members' pay-in obligations by
https://www.rba.gov.au/publications/annual-reports/rba/2003/oper-fin-mkts.html
List of tables
20 Sep 2005
PSB Annual Report
– 2005
Table 8: CLS Currencies. Currency. Joined CLS. Australian dollar. September 2002. ... Source: CLS Bank.
https://www.rba.gov.au/publications/annual-reports/psb/2005/tables.html
Trends in Payments, Clearing and Settlement Systems
14 Sep 2017
PSB Annual Report
– 2017
CLS is an international payment 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 risk,
https://www.rba.gov.au/publications/annual-reports/psb/2017/trends-in-payments-clearing-and-settlement-systems.html
List of tables
20 Sep 2018
PSB Annual Report
– 2018
13. 12. 13. 12. CLS. 59. 1. 282. 8. ... Sources: ASX; CLS; RBA. Table 4: Selected Credit Card Interchange Fees.
https://www.rba.gov.au/publications/annual-reports/psb/2018/tables.html