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.
Search Results
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
Foreign Exchange Settlement Practices in Australia
10 Feb 1998
Bulletin
– February 1998
Participating banks would hold accounts with a special purpose bank, to be called Continuous Linked Settlement (CLS) Bank. ... The CLS Bank would be a member of the RTGS system of each of the currencies being settled, enabling it to effect payments to
https://www.rba.gov.au/publications/bulletin/1998/feb/2.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
One set of funding payments which must, however, take place late in the RTGS day is for foreign exchange related transactions that use Continuous Linked Settlement (CLS), which has its operational ... However, the afternoon peak has fallen over time, due
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
OTC Derivatives Reforms and the Australian Cross-currency Swap Market
24 Jun 2013
Bulletin
– June 2013
Reforms to improve the management of counterparty credit risk in over-the-counter (OTC) derivatives markets are underway globally. A key pillar of the reforms is the migration of these markets to central counterparties (CCPs), while higher capital
https://www.rba.gov.au/publications/bulletin/2013/jun/7.html
Commercial Property and Financial Stability – An International Perspective
10 Jun 2010
Bulletin
– June 2010
References. Foote CL, K Gerardi and PS Willen (2008), ‘Negative Equity and Foreclosure: Theory and Evidence’, Federal Reserve Bank of Boston Public Policy Discussion Paper No 08-3.
https://www.rba.gov.au/publications/bulletin/2010/jun/4.html
The Cash Market
15 Dec 2016
Bulletin
– December 2016
The cash market is the market for unsecured, overnight loans between banks. The weighted average of interest rates on these loans is the cash rate, the Reserve Bank's operational target for monetary policy and an important financial benchmark. Over
https://www.rba.gov.au/publications/bulletin/2016/dec/4.html
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
What are the Global Imbalances?
10 Oct 2005
Bulletin
– October 2005
Mann CL (1999), Is the U.S. trade deficit sustainable?, Institute for International Economics, Washington DC. ... Mann CL (2002), ‘Perspectives on the U.S. current account deficit and sustainability’, Journal of Economic Perspectives, 16(3), pp
https://www.rba.gov.au/publications/bulletin/2005/oct/3.html
The Evolution of Interbank Settlement in Australia
17 Mar 2022
Bulletin
– March 2022
Electronic payments are ubiquitous in modern economies and result in financial obligations between different financial institutions.
https://www.rba.gov.au/publications/bulletin/2022/mar/the-evolution-of-interbank-settlement-in-australia.html
The Reserve Bank's Collateral Framework
7 Dec 2017
Bulletin
– December 2017
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html