UBS announces 50th CLS client

The deal allows RZB and its subsidiaries to execute and settle their cross-border forex transactions through the continuous-linked settlement global settlement system. "This partnership underlines our capacity to implement sophisticated clients like RZB," said Martin Wiedmann, global head of FX distribution at UBS in Zurich. "As a leading bank in Austria and in central and eastern Europe, RZB is our perfect partner to develop an integrated ‘front-to-back’ cash model."

RZB is the central insti