CLS hits $1 trillion mark in just over three weeks of operation


LONDON -- Continuous Linked Settlement (CLS), the banking initiative to cut settlement risk in currency markets, settled currency trades worth over $1 trillion in just over three weeks after going live on September 9. Settlements were running at more than 10,000 a day with a gross value of over $100 billion, the CLS Bank said in early October.

There have been a few "minor difficulties" but they have not had a real impact on CLS and the system has experienced 100% settlement success since being

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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