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.
Search Results
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
Public Information ISO 20022 MIGRATION FOR THE AUSTRALIAN PAYMENTS ...
2 Dec 2019
PDF
166KB
Name/Organisation: CLS Bank. Organisation Category: RITS Member. About these consultation questions:. ... Public Information 2 RESERVE BANK OF AUSTRALIA. code words used in field 72 within SWIFT MT202 CLS pay ins.
https://www.rba.gov.au/payments-and-infrastructure/submissions/iso-20022-migration-for-the-australian-payment-system/pdf/cls-bank-international.pdf
List of tables
20 Sep 2005
PSB Annual Report
– 2005
81. 2004. 14,400. 69. 2005. 15,100. 66. Sources: Banks' websites. ANZ Telstra/Rewards Visa card, Commonwealth Bank MasterCard Awards card, National Australia Bank Visa Gold card and Westpac Altitude ... Source: CLS Bank.
https://www.rba.gov.au/publications/annual-reports/psb/2005/tables.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
Methodology
31 Dec 2012
RDP
2012-06
Excluding a number of participants for which indirect settlement would be unrealistic (such as the 4 largest participants, CLS Bank and the RBA), there are 49 participants altogether that are considered ... In our simulations, the RBA, CLS Bank and the
https://www.rba.gov.au/publications/rdp/2012/2012-06/methodology.html
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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
The Role of the Payments System Board
16 Jun 1999
Speech
Speech by John Laker to AIC Conference on ‘Australian Payments System Evolution’, Sydney
https://www.rba.gov.au/speeches/1999/sp-ag-160699.html
Foreign Exchange Settlement Practices in Australia
22 Feb 2001
Bulletin
PDF
31KB
to be calledContinuous Linked Settlement (CLS) Bank.Final and irrevocable settlement of foreignexchange transactions would take place acrossthose accounts. ... The CLS Bank would be amember of the RTGS system of each of thecurrencies being settled,
https://www.rba.gov.au/publications/bulletin/1998/feb/pdf/bu-0298-2.pdf
Appendix A: Background Information | 2018 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
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 International (CLS); margin payments to ... transactions. In light of changes to the
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/appendix-a.html
The Role of the Payments System Board
22 Feb 2001
Bulletin
PDF
65KB
13. The most ambitious global initiative toreduce foreign exchange settlement risk is theContinuous Linked Settlement (CLS) Bank,which is being developed by a group of majorinternational banks. ... In the meantime, the Reserve Bank has beenworking
https://www.rba.gov.au/publications/bulletin/1999/jul/pdf/bu-0799-2.pdf