CLS plans annual fees for vendors


LONDON -- Vendors wanting to stay up-to-date with Continuous Linked Settlement Services (CLS) and use its brand mark to market their related products will have to pay an annual fee of £2,500 ($3,825) from August, CLS officials said in London in early July.

Information services for CLS -- scheduled for launch in October this year -- have until now been free of charge. CLS aims effectively to eliminate settlement risk in the global currency market.But the move has angered vendors, who believe they

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