New forex settlement system helps reduce risk


  • Business Premium
  • Friday, 04 Apr 2003

IT HAS been described as “a revolution” which will reduce risk and lower costs for a global foreign exchange (forex) trading system that has remained largely unchanged for the past three centuries.  

Continuous Linked Settlement (CLS), a new forex transaction and settlement system, established by the Group of Twenty (G20) world’s largest financial institutions, is set to eliminate settlement risk and promises bankers a much better night’s sleep.  

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Oil falls on uncertainty over fuel demand recovery Premium
Asian shares bounce as China moves to boost housing Premium
IMF urges Asia to be mindful of spillover risks from tightening Premium
Shanghai economy hit on all sides in April by Covid lockdown Premium
Sime Darby Plantation's 1Q net profit lifted to RM718mil on higher CPO, PK prices Premium
Pharmaniaga posts net profit of RM27.72mil in 1Q, declares 0.8 sen div Premium
FBM KLCI stays positive amid volatility in plantations stocks Premium
MPIC in the midst of discussions with MoF to slash palm oil export tax Premium
Khazanah partners SK ecoplant to help grow waste management services unit Premium
Ringgit rebounds against US$ at opening Premium

Others Also Read