CLS Bank International

33 results about this entity

Period: 11 Oct 2004 - 05 Sep 2019

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CLS and Markit extend FX settlement to cross currency swaps

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, and Markit, a leading global provider of financial information services, today announced the launch of a new FX settlement service for the cross currency swaps market.

CLS adds Hungarian forint to settlement system

CLS Group (CLS), a leading provider of risk mitigation and operational services for the global foreign exchange (FX) market, has started settling payment instructions in the Hungarian forint (HUF) on behalf of its settlement members, bringing to 18 the total number of currencies eligible for settlement through CLS.

FirstRand joins CLS as new settlement member

CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, and FirstRand, one of South Africa’s largest financial institutions, today announced that FirstRand joined CLS as a settlement member.

CLS to develop settlement service for cleared FX products

CLS, the leading provider of settlement services for the global foreign exchange (FX) market, today announced that it is working with LCH.Clearnet, a leading global multi-asset clearing house, to develop a service to facilitate the settlement of cleared foreign exchange products.

CLS hires Zschach as chief information officer

CLS hires Zschach as chief information officer

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

CLS wins legal battle in settlement 'patent' dispute

CLS wins legal battle in settlement 'patent' dispute

The US Supreme Court has found in favour of CLS Bank in a long-running patent dispute with Alice Corporation over the abstract notion of intermediated settlement.

CLS raises £160 million to meet new capital demands

CLS raises £160 million to meet new capital demands

FX risk reduction utility CLS Group has raised £160 million from its banking shareholders to meet new capital standards for systemically important market infrastructures and to invest in new technology.

DTCC names Anne Noonan MD and chief systemic risk officer

DTCC names Anne Noonan MD and chief systemic risk officer

The Depository Trust & Clearing Corporation (DTCC) has appointed Anne Noonan, a founding member of CLS Bank International, to the new position of managing director and chief systemic risk officer.

CLS Bank to establish FX trade data repository

CLS Bank to establish FX trade data repository

Foreign exchange settlement outfit CLS Bank is to establish a trade data repository for the global FX market, in a move designed to head off regulatory pressure for more transparency in the over-the-counter currency markets.

Three more banks join CLS/Icap FX joint venture

Three more banks join CLS/Icap FX joint venture

Bank of America, Credit Suisse and Morgan Stanley have joined four other founder banks in supporting the CLS/Icap joint venture to provide trade aggregation services in the over-the-counter FX market.

Icap and CLS set up FX post-trade joint venture

Icap and CLS set up FX post-trade joint venture

Interdealer broker Icap and FX risk reduction network CLS are to create a new joint venture company offering post-trade aggregation services to participants in the over-the-counter currency markets.

LCH.Clearnet eyes forex markets

LCH.Clearnet eyes forex markets

Anglo French group LCH.Clearnet is looking into ways of providing clearing services for the lucrative foreign exchange markets, according to a Financial Times report.

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