Continuous-linked settlement: Extending to Asia
Continuous-linked settlement – the initiative designed to eliminate forex settlement risk – went live at the end of last year. But with only Australia and Japan represented in the first batch of currencies, what will CLS mean for Asia’s banks?
In November, the initiative was widened to include non-shareholder banks and third-party customers of member banks. The focus now is on extending the system throughout the global banking fraternity, including
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