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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A non-profit, volunteer organisation, advocating to advance the interests ...
11 Feb 2020
DOC
93KB
consumers. Regulation and Enforcement. Q17: Are there potential enhancements to the Bank’s regulatory powers and enforcement mechanisms that could improve the effectiveness of retail payments regulation?
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC