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
2.5 International Financial Cooperation
19 Oct 2023
RBA Annual Report
– October 2023
International Financial Cooperation | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/international-financial-cooperation.html
Payments System Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
Bank bill swap rate. BECS. Bulk Electronic Clearing System. BIS. Bank for International Settlements. ... CIT. Cash-in-transit. CLS. CLS Bank International. CME. Chicago Mercantile Exchange Inc.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
International Financial Cooperation
27 Oct 2022
RBA Annual Report
– October 2022
The Reserve Bank is one of 63 central banks and monetary authorities holding shares in the BIS. ... Over 2021/22, staff from the Payments Policy Department participated in:. an arrangement led by the Federal Reserve Bank of New York to oversee CLS Bank
https://www.rba.gov.au/publications/annual-reports/rba/2022/international-financial-cooperation.html
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
Over 2021/22, the global and domestic economy was significantly more resilient than expected by the Reserve Bank and most other central banks. ... The Bank discontinued the yield target when it was assessed to be inconsistent with the Banks policy aims.
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
CLS Bank International (CLS) – CLS operates a payment-versus-payment settlement system for foreign exchange transactions in a range of currencies, including the Australian dollar. ... The Bank participates in a cooperative oversight arrangement for CLS,
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
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/2022/abbreviations.html
About the Payments System Board
28 Sep 2022
PSB Annual Report
– September 2022
Bank staff have also continued to engage with stakeholders regarding their obligations under the Banks card payments regulations. ... Cooperative oversight of the CLS. 23 central banks representing 18 CLS settlement-eligible currencies plus five
https://www.rba.gov.au/publications/annual-reports/psb/2022/about-the-payments-system-board.html
4. Financial Market Infrastructures
21 Oct 2021
PSB Annual Report
– 2021
CLS Bank International (CLS) – CLS operates a payment-versus-payment settlement system for foreign exchange transactions in a range of currencies, including the Australian dollar. ... The Bank participates in a cooperative oversight arrangement for CLS,
https://www.rba.gov.au/publications/annual-reports/psb/2021/financial-market-infrastructures.html