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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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
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
Payments System
4 Jan 2024
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.html
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
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
Domestic Market Dealing Arrangements
15 Jul 2002
Media Releases
Announcement of new facility for intra-day repurchase agreements to help banks meet liquidity needs under Continuous Linked Settlement (CLS) arrangements
https://www.rba.gov.au/media-releases/2002/mr-02-14.html
The Foreign Exchange Market and Central Counterparties
10 Mar 2010
Bulletin
– March 2010
See CLS (2009) for a further discussion of the global foreign exchange market and the role of CLS. ... CLS (2009), ‘Briefing on the Global FX Market and the Role of CLS Bank’, September 2009.
https://www.rba.gov.au/publications/bulletin/2010/mar/8.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
The Role of the Payments System Board
16 Jun 1999
Speech
Speech by John Laker to AIC Conference on ‘Australian Payments System Evolution’, Sydney
https://www.rba.gov.au/speeches/1999/sp-ag-160699.html