Continuous Linked Settlement (CLS): Now That It Works, Where to Go from Here?

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Continuous Linked Settlement (CLS): Now That It Works, Where to Go from Here?

TowerGroup
April 30, 2003
8 Pages - Pub ID: TWR910054

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Continuous Linked Settlement (CLS): Now That It Works, Where to Go from Here?

The Continuous Linked Settlement (CLS) System is a mechanism for payment-versus-payment (PVP) real-time settlement of payments associated with foreign exchange transactions. The system replaces the existing multiday settlement process with a daily 5-hour 'time window' during which trade funding, settlement, and payment are executed

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