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
Oversight of High-value Payment Systems
24 Oct 2016
PSB Annual Report
– 2016
To date, two payment systems have been identified by the Bank as systemically important: the Reserve Bank Information and Transfer System (RITS) and CLS Bank International (CLS). ... The Bank also uses this forum to oversee how well CLS meets relevant
https://www.rba.gov.au/publications/annual-reports/psb/2016/oversight-of-high-value-payment-systems.html
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
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
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
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
In this task, the Reserve Bank seeks to provide sufficient ESA funds to meet demand by banks, rather than seeking to provide any specific level of funds. ... Banks may, at their discretion, enter into intraday repos with the Reserve Bank to obtain
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
Payments System
19 Jul 2023
Overview of the Australian Payments System
https://www.rba.gov.au/payments-and-infrastructure/payments-system.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
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