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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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
Domestic Market Dealing Arrangements
5 Sep 2002
Media Releases
RBA announces Continuous Linked Settlement (CLS) system for the settlement of foreign exchange transactions will commence on Monday 9 September 2002
https://www.rba.gov.au/media-releases/2002/mr-02-17.html
Domestic Market Dealing Arrangements
17 Dec 2002
Media Releases
Announcement of post consultation changes to arrangements 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-02-23.html
Payments System Board Update: August 2023 Meeting
17 Aug 2023
Media Releases
Today's Payments System Board meeting discussed the annual Assessment of the ASX clearing and settlement facilities against the Financial Stability Standards, the oversight of international financial market infrastructures, prominent payment systems,
https://www.rba.gov.au/media-releases/2023/mr-23-20.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
December: 1997-Glossary
9 Mar 2023
Media Release
CLS. Continuous linked settlement – a process for simultaneous settlement of both legs of a foreign exchange transaction. ... CLS Services. A UK company founded by the G20 banks to oversee the implementation of continuous linked settlement (see CLS and
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
Reducing Foreign Exchange Settlement Risk in Australia – A Progress Report
7 Sep 1999
Media Releases
Release of a report entitled ‘Reducing Foreign Exchange Settlement Risk in Australia – a Progress Report’ based on a survey of foreign exchange dealers conducted during October 1998
https://www.rba.gov.au/media-releases/1999/mr-99-08.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
However, many remained mindful about the cost of joining bodies such as ECHO, Multinet International Bank or the proposed CLS Bank. ... In October 1997, it was announced that ECHO, Multinet and CLS Services would merge to form a single industry utility,
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html
December: 1997-Sample Questionnaire
9 Mar 2023
Media Release
the proposed Group of 20 CLS Bank?
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html