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2023 | OriginalPaper | Chapter

7. FX Operations and CLS

Authors : Ulrich Bindseil, George Pantelopoulos

Published in: Introduction to Payments and Financial Market Infrastructures

Publisher: Springer Nature Switzerland

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Abstract

One of the most recent payment infrastructure innovations – the process of Continuous Linked Settlement (CLS) – is explored in this chapter. At the outset, a brief introduction regarding the various ways banks may raise foreign currency deposits via entering into FX trades is provided. The origins and operational framework of CLS are then described. To depict the mechanics of CLS, we then employ systems of financial accounts to demonstrate a FX spot trade both outside and through CLS.

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Metadata
Title
FX Operations and CLS
Authors
Ulrich Bindseil
George Pantelopoulos
Copyright Year
2023
Book
Introduction to Payments and Financial Market Infrastructures

Print ISBN: 978-3-031-39519-2

Electronic ISBN: 978-3-031-39520-8

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-3-031-39520-8_7