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
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
Safety and Stability
25 Sep 2003
PSB Annual Report
– 2003
Most Australian banks active in foreign exchange settlement services offer settlement through CLS Bank. ... The four Australian major banks are shareholders in CLS Bank; other banks have overseas parents that are shareholders.
https://www.rba.gov.au/publications/annual-reports/psb/2003/safety-stability.html