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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Annual Performance Statement
9 Aug 2023
RBA Annual Report
- 2022
PDF
186KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/annual-performance-statement.pdf
International Financial Cooperation
9 Aug 2023
RBA Annual Report
- 2022
PDF
555KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/international-financial-cooperation.pdf
A Strategic Plan for the Payments System
6 Jun 2023
Submissions
PDF
539KB
2 The Bank also identifies CLS Bank International as a systemically important international payment system.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Independent Review of the October 2022 Reserve Bank Information and Transfer System (RITS) Outage – Final 21042023
29 May 2023
PDF
4989KB
Independent Review of the October 2022 Reserve Bank Information and Transfer System (RITS) Outage | Final Confidential. fIT goengr. A P R I L 2 0 2 3. Independent Review of the October 2022 Reserve Bank Information and Transfer System (RITS) Outage
https://www.rba.gov.au/payments-and-infrastructure/rits/reviews/pdf/rba-independent-review-oct-2022-rits-outage-21042023.pdf
About RITS
20 Mar 2023
A general overview and information papers concerning RITS and its structure
https://www.rba.gov.au/payments-and-infrastructure/rits/about.html
Implications for Non-CLS Banks | Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
9 Mar 2023
Implications for Non-CLS Banks. It is not mandatory for banks to operate in the Evening Settlement Session. ... Banks that are not settlement members of CLS may settle FX through CLS via a CLS settlement member as a third party.
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/implications-for-non-cls-banks.html
High Value Payments
9 Mar 2023
The Bank has also identified CLS Bank International (CLS) as a systemically important international payment system. ... CLS is chartered in the United States and is regulated and supervised by the Federal Reserve.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/high-value-payments/
Introduction | Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
9 Mar 2023
Payments between CLS Bank and CLS ‘settlement members’ for each participating currency are made in the local RTGS systems. ... On these occasions, there will be no AUD FX instructions for CLS settlement.
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/introduction.html
Contact RITS
9 Mar 2023
Contact information for RITS Members regarding operational assistance or matters relating to the business aspects of RITS and RITS operating hours
https://www.rba.gov.au/payments-and-infrastructure/rits/contacts.html
Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
9 Mar 2023
The CLS settlement process takes place during the European morning (i.e. the Australian late afternoon/evening), during which time RITS and other participating RTGS systems must be open. This information paper outlines RITS session times and
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/