What does CLS stand for?

Continuous Linked Settlement (banking)

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Continuous Linked Settlement (CLS) is a system for the settlement of foreign exchange transactions (Andersen and Bakke, 2004).

Payment systems--a potential source of risk. The need for oversight ...

The company's clients in Latin America and the Caribbean use CitiDirect[R] Online Banking to initiate local and cross-border payments and trade transactions, as well as access netting, collections, liquidity management, investments, multibank cash concentration services, insurance letters of credit, information reporting and continuous linked settlement (CLS).

Creating value in cash & treasury management

CONTINUOUS LINKED SETTLEment (CLS), the market mechanism that enables both ends of an FX transaction to be settled simultaneously, is continuing to grow in importance following the commencement of the CLS Bank about 18 months ago.

CLS opportunites grow

Chapter 4 assesses foreign exchange settlement risk and the implications of Continuous Linked Settlement (CLS).

Banks' counterparty risk--results of a survey conducted by Norges ...

IN ABOUT 12 months time, a revolutionary concept in minimising foreign exchange settlement risk and potential systemic liquidity risk -- continuous linked settlement system (CLSS) -- will come into operation.

CLS the next big banking issue

About CLS Bank Continuous Linked Settlement (CLS([R])) eliminates settlement risk through the world's first simultaneous and irrevocable global multi-currency settlement system.

DTCC Reduces Payment Risk in OTC Credit Derivatives Market

The standing of the Australian dollar as a world currency is recognised by its inclusion in the first wave of seven currencies in the CLS System or to give it its full name Continuous Linked Settlement System for foreign exchange settlement which is scheduled to come into operation in 2001.

Developing new markets and products

About CLS Bank International Continuous Linked Settlement (CLS[R]) eliminates settlement risk through the world's first simultaneous and irrevocable global multi-currency settlement system.

DTCC and CLS Bank International Launch Central Settlement of OTC ...