Continuous linked settlement: Difference between revisions
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Real-time gross settlement system]] (RTGS) | * [[Real-time gross settlement system]] (RTGS) | ||
* [[Settlement]] | |||
Latest revision as of 22:04, 7 July 2022
(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.
See also
- Settlement system
- Herstatt risk
- Intraday risk
- Payments and payment systems
- Real-time gross settlement system (RTGS)
- Settlement
Other resource
The Great FX Fix, The Treasurer Cash Management Supplement 2009
