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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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
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
Trends in Payments, Clearing and Settlement Systems
20 Sep 2018
PSB Annual Report
– 2018
CLS is an international payment system that links the settlement of the two legs of a foreign exchange transaction. ... CLS currently settles 18 currencies. The current daily average value of AUD settlements at CLS is around $280 billion.
https://www.rba.gov.au/publications/annual-reports/psb/2018/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
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
Safety and Stability
25 Sep 2003
PSB Annual Report
– 2003
Previous Annual Reports of the Board have described CLS Bank in some detail. ... The development of CLS Bank has addressed the second of the three tracks.
https://www.rba.gov.au/publications/annual-reports/psb/2003/safety-stability.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
Business Services
2 Sep 2003
RBA Annual Report
– 2003
CLS Bank has been granted an ES account with the RBA for this purpose. ... Currently nine banks in Australia make payments to CLS Bank on their own account or that of other CLS settlement members.
https://www.rba.gov.au/publications/annual-reports/rba/2003/bus-serv.html
Payments System Board Annual Report 2001 - Safety and Stability
22 Sep 2005
PSB Annual Report
2001
PDF
138KB
https://www.rba.gov.au/publications/annual-reports/psb/2001/pdf/safety-stability.pdf
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html