Four new currencies on CLS

A year on from its launch, the CLS service is now aiming to eliminate risk in 11 currencies through CLS Bank. Following regulatory approval, the Danish krone, Norwegian krone, Singapore dollar and Swedish krona have all been designated as CLS Bank eligible currencies by the CLS Bank board of directors. They join the existing seven currencies: the Australian dollar, Canadian dollar, euro, Japanese yen, sterling, Swiss franc and US dollar.

"The addition of four new currencies represents the fi

To continue reading...