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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Business Services
24 Aug 2001
RBA Annual Report
– 2001
Major changes to the settlement of foreign exchange transactions are planned over the coming year with the establishment of the ‘continuous linked settlement’ (CLS) Bank. ... assured. CLS Bank is being developed by over 60 shareholder banks active in
https://www.rba.gov.au/publications/annual-reports/rba/2001/bus-serv.html
Surveillance of the Financial System
30 Jun 1998
RBA Annual Report
– 1998
To reduce such risk further, a group of major international banks is planning to establish a limited-purpose vehicle – the Continuous Linked Settlement (CLS) Bank – to facilitate the simultaneous settlement of ... the CLS Bank can have access to
https://www.rba.gov.au/publications/annual-reports/rba/1998/surveillance.html
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
Austraclear. Austraclear Limited. BBSW. Bank bill swap rate. BCBS. Basel Committee on Banking Supervision. ... Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html
Business Services
28 Jul 2004
RBA Annual Report
– 2004
of time-critical customer payments and Australian dollar foreign exchange settlements (including those settled by CLS Bank for which a net settlement is made daily on an RTGS basis). ... To the extent that Australian dollar foreign exchange settlements
https://www.rba.gov.au/publications/annual-reports/rba/2004/bus-serv.html
Abbreviations
15 Oct 2020
PSB Annual Report
– 2020
CAC Act. Commonwealth Authorities and Companies Act 1997. CBDC. Central bank digital currency. ... Card-not-present. CLS. CLS Bank International. CPMI. Committee on Payments and Market Infrastructures.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html
Banking and Payments
4 Sep 2008
RBA Annual Report
– 2008
The Reserve Bank charges fees for these services, being particularly careful where these services extend beyond the core activities of central banks – e.g. ... The latter includes Australian dollar trades involved in Continuous Linked Settlement (CLS),
https://www.rba.gov.au/publications/annual-reports/rba/2008/banking-payments.html
List of tables
20 Sep 2018
PSB Annual Report
– 2018
Sources: ASX; CLS; RBA. Table 4: Selected Credit Card Interchange Fees. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the
https://www.rba.gov.au/publications/annual-reports/psb/2018/tables.html
Glossary
30 Jun 1998
RBA Annual Report
– 1998
Reserve Bank of Australia Annual Report – 1998 Glossary. ACCC. Australian Competition and Consumer Commission. ... CLS. Continuous Linked Settlement (Bank; Services Limited). CPA. Commonwealth Public Account.
https://www.rba.gov.au/publications/annual-reports/rba/1998/glossary.html
Glossary
21 Aug 2002
RBA Annual Report
– 2002
Reserve Bank of Australia Annual Report – 2002 Glossary. AOFM. Australian Office of Financial Management. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait
https://www.rba.gov.au/publications/annual-reports/rba/2002/glossary.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
Payments to and from the CLS Bank will be made through settlement accounts it will hold with the central banks of eligible currencies. ... Although individual transactions will be settled gross across the books of the CLS Bank, banks will pay in only
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html