Cash & Liquidity Management

Introducing Continuous Linked Settlement

WHILE the introduction of the euro in 1999 was a watershed for international trade, a new development that promises to have equally revolutionary implications has already appeared on the horizon. This is the continuous linked settlement (CLS) initiative, a new global clearing system that will provide a payment-versus payment method of settling foreign exchange (FX) transactions. With the first phase of CLS implementation scheduled to take place within the next 18 months, CLS is now one of the most hotly discussed topics within the international financial institutions community.

 Download this article for free

Save PDFs of your favorite articles, authors and companies. Bookmark this article, or add to a list of your favorites within mytmi.

Discover the benefits of myTMI

 Download this article for free