ABN AMRO Unveils FastTrack to CLS; Wins CLS Mandate
CLS FastTrack, ABN AMRO’s new service to help ease the transition to full CLS Third Party participant status, has been launched by the bank. CLS FastTrack works via ABN AMRO’s CLS system, which provides access to real-time trade information via a web interface. The service offers real-time trade management and position overviews, pay-in and pay-out status checking, a range of status and alert messages and reporting capabilities. ABN AMRO hopes the new service will reduce standard CLS implementation from several months to a matter of six weeks, with no systems development work or associated costs. In addition, ABN AMRO has been awarded a CLS third party services mandate by Banca Akros of Italy.