CLSSettlement

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf gptkb:city
financial infrastructure
gptkbp:containsSettlement foreign exchange transactions
over 18 currencies
payment instructions simultaneously
gptkbp:headquartersLocation gptkb:London
https://www.w3.org/2000/01/rdf-schema#label CLSSettlement
gptkbp:launched 2002
gptkbp:membersInclude major global banks
gptkbp:operatedBy CLS Bank International
gptkbp:ownedBy gptkb:CLS_Group_Holdings_AG
gptkbp:prevention gptkb:Herstatt_risk
gptkbp:provides multilateral netting
gptkbp:reduces settlement risk
gptkbp:regulates gptkb:Federal_Reserve_Bank_of_New_York
systemically important financial market utility
gptkbp:settlementType payment-versus-payment
gptkbp:settlementVolume over USD 6 trillion daily
gptkbp:settlementWindow 5 hours
gptkbp:usedFor foreign exchange settlement
gptkbp:bfsParent gptkb:CLS_Group_Holdings_AG
gptkbp:bfsLayer 6