Search: CLS Bank
RBA Glossary definition for CLS Bank
CLS Bank – CLS Bank is a multi-currency bank, regulated by the Federal Reserve Bank of New York, which uses central bank funds to simultaneously settle cross-currency transactions in real time through a process known as Continuous Linked Settlement (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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Abbreviations | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CHESS. Clearing House Electronic Sub-register System. CLS. CLS Bank International. CPMI. ... PSNA. Payment Systems and Netting Act 1998. RITS. Reserve Bank Information and Transfer System.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/abbreviations.html
Abbreviations | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CHESS. Clearing House Electronic Sub-register System. CLS. CLS Bank International. COIN. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/abbreviations.html
Abbreviations | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CLS. CLS Bank International. CPMI. Committee on Payment and Market Infrastructures (formerly CPSS). ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/abbreviations.html
Abbreviations | 2018 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CCP. Central counterparty. CHESS. Clearing House Electronic Sub-register System. CLS. CLS Bank International. ... PSNA. Payment Systems and Netting Act 1998. RITS. Reserve Bank Information and Transfer System.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/abbreviations.html
Abbreviations | 2020 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CCP. Central counterparty. CHESS. Clearing House Electronic Sub-register System. CLS. CLS Bank International. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2020/abbreviations.html
Abbreviations | 2019 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
CHESS. Clearing House Electronic Sub-register System. CLS. CLS Bank International. CPMI. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/abbreviations.html
General Background | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
HVCS is used primarily to submit customer payments to RITS, including CLS Bank obligations. ... Footnotes. CLS Bank is a bank chartered in the United States that is used by global financial market participants, including in Australia, to effect
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/background.html
Material Developments | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Furthermore, since RITS settles on a real-time basis, it is used to settle time-critical payments, including Australian dollar pay-ins to CLS Bank International (CLS). ... Payments to the ‘concentration’ bank are made by settlement banks (known as
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/material-developments.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
Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
9 Mar 2023
Payments System Board Submissions on Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
https://www.rba.gov.au/payments-and-infrastructure/submissions/iso-20022-migration-for-the-australian-payment-system/index.html