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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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
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
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
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/
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
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
List of tables | Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
0.2. 13.5. 13.5. CLS. 56.7. 274.1. 2.8. Retail payments. 50,391. 69.9. ... Sources: ASX; CLS; RBA. Table A.2: RITS Participation. (a). Number of ESAs As at end March 2018.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/tables.html
RITS Business Hours
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/business-hours.html
List of tables | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
c). 3.1. 50.3. 50.3. RITS cash transfers. 0.2. 11.9. 11.9. CLS. ... d) Includes BPay. (e) Gross value of equity trades. Sources: ASX; CLS; RBA.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/tables.html
Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
9 Mar 2023
The CLS settlement process takes place during the European morning (i.e. the Australian late afternoon/evening), during which time RITS and other participating RTGS systems must be open. This information paper outlines RITS session times and
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/