CLS adds Scandi currencies

TECHNOLOGY NEWS

NEW YORK -- CLS Bank is to add the Swedish krona, the Danish kroner and the Norwegian krone to its global settlement system. Settlement of the currencies will not be available when CLS is launched in first half 2002, the firm said, but will be added within a year of the go-live date.

However problems hampering the delivery of the technology have already delayed CLS's launch several times (FX Week, September 10). The system was originally scheduled to go live in October 2000.

In a joint state