More NewsThree Scandinavian currencies extend global reach of CLS Bank

Three Scandinavian currencies extend global reach of CLS Bank

10 currencies are now eligible for CLS Settlement through CLS Bank. The Swedish Krona, Danish Kroner and Norwegian Krone are being added to 7 other global currencies. Institutions using CLS Settlement remove the time risk when settling foreign exchange transactions. Banks will be able to settle in a new real time five hour window which does not exist in today’s markets, for the first time linking many of the globe’s real time gross settlement systems and ultimately reducing the costs of cross-border transactions.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha