CLS benefits shared
Jonathan ButterfieldExecutive Vice President, Marketing and
Communication, CLS Bank International
In its first 18 months of operation CLS has demonstrated its value
to the market. Jonathan Butterfield outlines how its benefits are
increasingly being recognised by Settlement Member banks and
Over the last 18 months CLS Bank
International (CLS Bank) has been settling a growing number of
instructions for foreign exchange trades with its Continuous Linked
Settlement (CLS) service. Over 27 million payment instructions with
a gross value of over $300 trillion have been settled since launch.
CLS Bank is now settling over 120,000 of these instructions each
day, with a gross value of around US $ 1.2 trillion.
In addition to the 56 Settlement Member banks in over 150
locations, over 120 third party participants are settling via CLS
Bank utilizing services from Settlement Members that are CLS
service providers. Many more are due to go live over the coming
year. We are hearing that participants are realising various
benefits from CLS settlement such as greater efficiency, improved
cash flow and liquidity management, and expanded trading lines.
Magazine articles in HTML format on this website are only available to current paid subscribers so unless you are a current subscriber you will not be able to read any more of this article. However, e-Forex has now made all flash and pdf versions of the magazine freely available to registered users so you can still access and view this article in full. Please sign in above and register your contact details and then these versions of the magazine can be found here: http://www.e-forex.net/Digital+Versions.efx
If you have already registered but still cannot access these versions you may need to upgrade your existing account.Please use the link below to upgrade your account which will give you free access to these versions of the magazine.