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Erschienen in:
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2023 | OriginalPaper | Buchkapitel

7. FX Operations and CLS

verfasst von : Ulrich Bindseil, George Pantelopoulos

Erschienen in: Introduction to Payments and Financial Market Infrastructures

Verlag: 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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Vorheriges Kapitel Central Counterparties
Nächstes Kapitel Central Securities Depositories
Literatur
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Metadaten
Titel
FX Operations and CLS
verfasst von
Ulrich Bindseil
George Pantelopoulos
Copyright-Jahr
2023
Buch
Introduction to Payments and Financial Market Infrastructures

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

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

Copyright-Jahr: 2023

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