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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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
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
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
Payments System Board Annual Report 2001 - Safety and Stability
22 Sep 2005
PSB Annual Report
2001
PDF
138KB
https://www.rba.gov.au/publications/annual-reports/psb/2001/pdf/safety-stability.pdf
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
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
Payments System Board Annual Report 2003 - Safety and Stability
22 Sep 2005
PSB Annual Report
2003
PDF
98KB
https://www.rba.gov.au/publications/annual-reports/psb/2003/pdf/safety-stability.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
Payments System Board Annual Report 2002 - Safety and Stability
22 Sep 2005
PSB Annual Report
2002
PDF
157KB
https://www.rba.gov.au/publications/annual-reports/psb/2002/pdf/safety-stability.pdf
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