Continuous Linked Settlement

From Open Risk Manual
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.


Continuous Linked Settlement. (CLS) It is a settlement system run by CLS Bank International, a financial institution dedicated to settling foreign exchange trades.

CLS operates a multi-currency settlement system that mitigates risk for foreign exchange transactions through the provision of its payment versus payment settlement service, which has direct links to the real-time gross settlement (RTGS) systems of the 18 currencies it settles.