RBS and BBVA Partner with Wall Street Systems to Implement CLS Solutions
Wall Street Systems, Inc. announced that it is working with The Royal Bank of Scotland (RBS), Banco Bilbao Vizcaya Argentaria (BBVA) and a number of other leading CLS member banks to implement support functionality for Continuous Linked Settlement (CLS). At RBS and BBVA, the CLS solution from Wall Street Systems will be used to manage the FX trade process – from the moment a deal has been captured through to settlement with CLS Bank. The comprehensive CLS solution from Wall Street Systems is either available as a stand-alone CLS module or can be fully integrated with the front and back office modules as well as the cash management tools of The Wall Street System treasury engine. Both RBS and BBVA already use The Wall Street Systemtreasury engine across their back offices to manage FX and money market transactions.