CLS may affect credit lines

NEWS

LONDON – The new settlement service for currency markets, Continuous Linked Settlement (CLS) could reduce the importance of credit lines in forex, delegates at a conference held by FX Week, Operational Risk’s sister publication, heard in November.

Nicoletta Stella, CLS project manager at ABN Amro, told delegates that the advent of third-party CLS services, whereby a CLS shareholder settles client banks’ trades on their behalf, could replace a large credit line. "The settlement member takes the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here