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
Trends in Payments, Clearing and Settlement Systems
14 Sep 2017
PSB Annual Report
– 2017
The level of merchant fees is heavily influenced by wholesale interchange fees paid from merchants' banks to cardholders' banks. ... Foreign exchange transactions involving the AUD are generally settled through CLS Bank International (CLS), with AUD
https://www.rba.gov.au/publications/annual-reports/psb/2017/trends-in-payments-clearing-and-settlement-systems.html
Opening Remarks at the CLS FX Industry Reception
30 Jan 2017
Speech
Speech delivered by Guy Debelle, Deputy Governor, to the the CLS FX Industry Reception, Sydney
https://www.rba.gov.au/speeches/2017/sp-dg-2017-01-30.html
Oversight, Supervision and Regulation of Financial Market Infrastructures
15 Oct 2020
PSB Annual Report
– 2020
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/2020/oversight-supervision-and-regulation-of-financial-market-infrastructures.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
Available at <The Bank collects data from banks and other financial institutions to monitor trends in the reliability of retail payments. ... Foreign exchange transactions involving the AUD are generally settled through CLS Bank International (CLS), with
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
The largest declines have been to the ‘off-branch’ fleets of some of the banks, particularly in metropolitan areas where there used to be multiple bank ATMs in close proximity. ... Foreign exchange transactions involving the AUD are generally settled
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
All Speeches
4 Mar 2024
Speeches by senior staff of the Reserve Bank
https://www.rba.gov.au/speeches/list.html
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
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
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