Bank of China broadens CLS horizons

China’s second largest and the world’s 17th biggest bank announced today that it had paid $5 million for a share in the settlement system. This opens the door for the bank to start participating on the platform next summer, according to CLS.

Jonathan Butterfield, New York-based executive vice-president of marketing and communication at CLS, said: "I think there is a good chance they will make this deadline. We have been engaged in a two-and-a-half-year discussion with Bank of Chin