Continuous linked settlement: Difference between revisions
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A global real-time settlement system for foreign exchange transactions that eliminates foreign exchange settlement risk caused by delays arising from time-zone differences; the so-called Herstatt risk. | A global real-time settlement system for foreign exchange transactions that eliminates foreign exchange settlement risk caused by delays arising from time-zone differences; the so-called Herstatt risk. | ||
== See also == | == See also == | ||
* [[Settlement system]] | * [[Settlement system]] | ||
[[Category:Payment_and_Clearing_Systems]] | |||
Revision as of 10:05, 9 October 2013
(CLS).
A global real-time settlement system for foreign exchange transactions that eliminates foreign exchange settlement risk caused by delays arising from time-zone differences; the so-called Herstatt risk.
