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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General Background | 2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The SWIFT PDS is used primarily to submit customer and bank-to-bank payments to RITS, including the Australian dollar leg of foreign exchange transactions that settle in CLS Bank International ... Reserve Bank of Australia (2012), Strategic Review of
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/background.html
Appendix A: Background Information | 2022 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.1 Activity and Participation. RITS is used to settle time-critical wholesale payments for other financial market infrastructures (FMIs): Australian dollar pay-ins to, or pay-outs from, CLS Bank ... A.3 Governance and Oversight. RITS is owned and
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/appendix-a.html
Appendix A: Background Information | 2020 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.1 Activity and Participation. RITS is used to settle time-critical wholesale payments for other FMIs: Australian dollar pay-ins to or pay-outs from CLS Bank International (CLS); margin ... Availability for 2017 and earlier years relates to
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2020/appendix-a.html
Appendix A: Background Information | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS is also used to settle time-critical payments to other FMIs: Australian dollar pay-ins to CLS Bank International (CLS); margin payments to central counterparties (CCPs); and debt and equity ... The Bank monitors compliance with the Business
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/appendix-a.html
List of tables | Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
15. 3.0. 2.6. Clearing and settlement facilities and the Bank. 5. ... Source: RBA. Table A.3: RITS Availability. Per cent. Bank-operated systems. External feeder systems.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/tables.html
List of tables | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
SWIFT is primarily overseen by the SWIFT Oversight Group, comprising the G10 central banks and chaired by the National Bank of Belgium. ... A broader group of central banks, including the Reserve Bank of Australia, are represented on the SWIFT Oversight
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/tables.html
List of tables | 2015 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
2015 Assessment of the Reserve Bank Information and Transfer System List of tables. ... Source: RBA. Table 5: RITS Availability. Per cent. Bank-operated systems. External Feeder systems.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2015/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/
List of tables | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
2017 Assessment of the Reserve Bank Information and Transfer System List of tables. ... 14. 2.7. 2.6. Clearing and settlement facilities and the Bank. 5.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/tables.html
Abbreviations | 2015 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). ... 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/2015/abbreviations.html