First French CLS Third Party Goes Live
ABN AMRO has announced that Natexis Banques Populaires has gone live as the first CLS third party participant in France. The bank has now completed extensive testing and controlled live processing, allowing it to process approximately 420 trades via CLS Bank per day, according to ABN AMRO. This figure is expected to increase to approximately 550 trades per day, added the bank. Indover Bank recently went live as the first Continuous Linked Settlement (CLS) third party participant in the Netherlands.