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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Oversight, Supervision and Regulation of Financial Market Infrastructures
14 Sep 2017
PSB Annual Report
– 2017
CLS Bank International (CLS) is an international payment system for settling foreign exchange trades in 18 currencies, including the Australian Dollar (AUD). ... CLS is regulated, supervised and overseen by the Federal Reserve, in cooperation with an
https://www.rba.gov.au/publications/annual-reports/psb/2017/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
Oversight, Supervision and Regulation of Financial Market Infrastructures
20 Sep 2018
PSB Annual Report
– 2018
CLS Bank International (CLS) is an international payments system for settling foreign exchange trades in 18 currencies, including the Australian dollar. ... CLS is regulated, supervised and overseen by the US Federal Reserve, in cooperation with an
https://www.rba.gov.au/publications/annual-reports/psb/2018/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
Trends in Payments, Clearing and Settlement Systems
20 Sep 2018
PSB Annual Report
– 2018
Reflecting these concerns, it has been analysing the case for the central bank to issue an electronic form of the krona and considering requirements on banks to continue to provide cash ... Foreign exchange transactions involving the AUD are generally
https://www.rba.gov.au/publications/annual-reports/psb/2018/trends-in-payments-clearing-and-settlement-systems.html
Oversight, Supervision and Regulation of Financial Market Infrastructures
17 Oct 2019
PSB Annual Report
– 2019
CLS Bank International (CLS) is currently the only international SIPS overseen by the Bank. ... The Federal Reserve has established a cooperative oversight arrangement for CLS, in which the Bank participates.
https://www.rba.gov.au/publications/annual-reports/psb/2019/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
2.5 International Financial Cooperation
19 Oct 2023
RBA Annual Report
– October 2023
International Financial Cooperation | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/international-financial-cooperation.html
Operations in Financial Markets
2 Sep 2003
RBA Annual Report
– 2003
An important development during the year was the commencement of operations of the CLS Bank, which operates a new global system for the settlement of foreign exchange transactions.
https://www.rba.gov.au/publications/annual-reports/rba/2003/oper-fin-mkts.html
Abbreviations
8 Oct 2023
PSB Annual Report
- 2023
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf
International Financial Cooperation
27 Oct 2022
RBA Annual Report
– October 2022
The Reserve Bank is one of 63 central banks and monetary authorities holding shares in the BIS. ... Over 2021/22, staff from the Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank
https://www.rba.gov.au/publications/annual-reports/rba/2022/international-financial-cooperation.html
The Foreign Exchange Market and Central Counterparties
10 Mar 2010
Bulletin
– March 2010
In some cases, the public sector may be required to facilitate and encourage cooperation, as was the case with the establishment of CLS Bank in 2002 (see below). ... CLS (2009), ‘Briefing on the Global FX Market and the Role of CLS Bank’, September
https://www.rba.gov.au/publications/bulletin/2010/mar/8.html
Foreign Exchange Settlement Practices in Australia
10 Feb 1998
Bulletin
– February 1998
Participating banks would hold accounts with a special purpose bank, to be called Continuous Linked Settlement (CLS) Bank. ... The CLS Bank would be a member of the RTGS system of each of the currencies being settled, enabling it to effect payments to
https://www.rba.gov.au/publications/bulletin/1998/feb/2.html