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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Opening Remarks at the CLS FX Industry Reception
30 Jan 2017
Speech
Speech delivered by Guy Debelle, Deputy Governor, to the the CLS FX Industry Reception, Sydney
https://www.rba.gov.au/speeches/2017/sp-dg-2017-01-30.html
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
Other Regulatory Responsibilities
2 Oct 2009
PSB Annual Report
– 2009
CLS Bank is chartered in the United States and regulated and supervised by the Federal Reserve System. ... The Oversight Protocol for CLS is published on the US Federal Reserve's website.
https://www.rba.gov.au/publications/annual-reports/psb/2009/reg-response.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
All Speeches
4 Mar 2024
Speeches by senior staff of the Reserve Bank
https://www.rba.gov.au/speeches/list.html
Safety and Stability
21 Mar 2002
PSB Annual Report
– 2001
system, only their net short position or will receive from CLS Bank their net long position. ... These were the standards in place when the development of CLS Bank got under way.
https://www.rba.gov.au/publications/annual-reports/psb/2001/safety-stability.html
Other Regulatory Responsibilities
25 Oct 2010
PSB Annual Report
– 2010
The Australian dollar was one of seven initial currencies settled when CLS commenced operation in 2002. ... CLS noted that this highlighted the impact of algorithmic trading in the market.
https://www.rba.gov.au/publications/annual-reports/psb/2010/reg-response.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/
Oversight of High-value Payment Systems
8 Sep 2011
PSB Annual Report
– 2011
There are 17 currencies eligible for settlement in CLS, including the Australian dollar. ... As CLS settles transactions involving the Australian dollar, the Reserve Bank is represented on this committee.
https://www.rba.gov.au/publications/annual-reports/psb/2011/oversight-high-value.html