Tech briefs

- By FX Markets Staff
- @FXMarkets_
- 13 Jan 2003

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Union Bank of Taiwan has taken Citigroup’s CLS Settlement Service to settle its FX transactions through CLS Bank, Citi announced last week. It is the second CLS client for Citi -- it signed up WestLB in July (FX Week, July 15). However Citi said it has a further 25 un-named clients in the wings.

Settlement Members -- any CLS shareholder bank that offers the service to third-party banks -- have been rushing to sign up banks for their products, although few have announced the names of clients.

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