CLS Bank International

33 results about this entity

Period: 11 Oct 2004 - 05 Sep 2019

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Banks warned on FX settlement risk

Banks warned on FX settlement risk

Bank-backed settlement body CLS has responded to a repeated call from the Bank for International Settlements for the industry to do more to crack down on FX settlement risk by outlining new measures and initiatives for eliminating exposures. These include investigating industry support for implementing multiple settlement sessions, which would include the settlement of same day trades.

CLS Bank extends settlement service to non-deliverable forwards

CLS Bank extends settlement service to non-deliverable forwards

CLS Bank International has extended the CLS settlement service to non-deliverable forward foreign exchange transactions.

CLS hits back at critics

CLS hits back at critics

Bank-backed settlement body Continuous Linked Settlement (CLS) has responded to industry concerns over the spiraling costs of settling FX trades, insisting that it intends to reduce transaction costs by roughly half as volumes rise.

Regulators call for bank action to cut FX settlement risk

Regulators call for bank action to cut FX settlement risk

An influential committee of central bankers has called on the industry to do more to drive out temporal risk in foreign exchange settlement, amid concerns that the full potential of private sector risk reduction efforts such as that offered by CLS Bank is not being realised.

CLS to provide payments finality for DTCC credit derivatives utility

CLS to provide payments finality for DTCC credit derivatives utility

The Depository Trust & Clearing Corporation (DTCC) has struck a deal with FX risk reduction network CLS Bank International (CLS) to provide central settlement of payments for over-the-counter (OTC) derivatives contracts housed in DTCC Deriv/Serv’s Trade Information Warehouse.

CLS volumes set to grow

CLS volumes set to grow

CLS Bank will continue to grow market share and will be settling 83% of total member volume by the end of 2007, according to research from TowerGroup conducted among the 49 banking members of the FX settlement system and 43 third party customers.

All change at CLS as De Feo and Klein step aside

All change at CLS as De Feo and Klein step aside

Joseph De Feo is to retire from his positions as chief executive officer of CLS Group and president and CEO of CLS Bank at the end of the year, after five years at the helm of the bank-backed FX risk reduction platform.

CLS adds four new currencies and member banks

CLS adds four new currencies and member banks

CLS Bank will today begin settling payment instruction in four new currencies - the Hong Kong dollar, the Korean won, the New Zealand dollar and the South African rand.

Fundtech launches CLS managed service for settlement members

Fundtech launches CLS managed service for settlement members

Fundtech, a provider of payments, cash management and settlement software and services, has launched a CLS managed service on an application service provider (ASP) model.

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