ABN offers CLS testing

NEWS

AMSTERDAM -- ABN Amro is offering testing facilities for third-party banks wanting to participate in the CLS (continuous linked settlement) initiative to eliminate settlement risk.

"We believe the best approach for aspiring third parties is to learn by doing," said John Gibbons, head of global transaction services, financial institutions & public sector at ABN Amro in Amsterdam.

He said the move would encourage industry readiness for the launch of CLS in September this year.

No obligation

Gibbon