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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Appendix A: Background Information | 2020 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.1 Activity and Participation. RITS is used to settle time-critical wholesale payments for other FMIs: Australian dollar pay-ins to or pay-outs from CLS Bank International (CLS); margin ... Other FMIs with ESAs (i.e. CLS, the ASX CCPs and LCH.Clearnet
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2020/appendix-a.html
Appendix A: Background Information | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS is also used to settle time-critical payments to other FMIs: Australian dollar pay-ins to CLS Bank International (CLS); margin payments to central counterparties (CCPs); and debt and equity ... Other FMIs with ESAs (i.e. CLS, the ASX CCPs and LCH)
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/appendix-a.html
Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
9 Mar 2023
Payments System Board Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
https://www.rba.gov.au/payments-and-infrastructure/submissions/iso-20022-migration-for-the-australian-payment-system/index.html
2019 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
This was an hour after the pay-ins would normally commence and half an hour after the start of the normal AUD CLS settlement window. ... CLS is an international payment system for settling FX transactions in 18 currencies, including the AUD.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/material-developments.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
It has attended meetings with CLS Services to discuss the proposals and the issues involved in including the AUD. ... A domestic RTGS system is an essential element for inclusion of any currency in the CLS proposal.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
Appendix A: Background Information | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Other FMIs with ESAs (i.e. CLS, the ASX CCPs and LCH.C Ltd) can use these linked systems to submit obligations arising from the system they operate for settlement in
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/appendix-a.html
Appendix A: Background Information | 2015 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Other FMIs with ESAs (i.e. CLS, the ASX CCPs and LCH.Clearnet Ltd) use these feeder systems to settle Australian dollar obligations arising from the systems they operate.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/appendix-a.html
Material Developments | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Furthermore, since RITS settles on a real-time basis, it is used to settle time-critical payments, including Australian dollar pay-ins to CLS Bank International (CLS).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/material-developments.html
Abbreviations | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CHESS. Clearing House Electronic Sub-register System. CLS. CLS Bank International. COIN.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/abbreviations.html
Abbreviations | 2015 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CLS. CLS Bank International. CPMI. Committee on Payment and Market Infrastructures (formerly CPSS).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/abbreviations.html