First Dutch CLS Third Party Bank Goes Live
Indover Bank has partnered with ABN AMRO to become the first Netherlands-based bank to achieve CLS Third Party participant status. Following the delivery of their CLS programme, Indover has awarded a number of additional mandates to ABN AMRO. These include the implementation of DealStation – the bank’s online foreign exchange trading portal – at Indover’s Amsterdam and Hong Kong operations, as well as a number of Nostro accounts. In addition, Indover’s operation in Hong Kong is expected to go live for fourth party CLS services in the near future.