CLS Bank settlement volumes rise in May
NEWS
For the month of May, CLS Bank settled on average 291,087 instructions a day, with an average daily total value of $2.7 trillion. This represents a 17% rise in volume compared with April. Meanwhile, the number of banks, brokers, funds and corporates using the CLS Bank service reached 788, a 1% rise from April.
The settlement system set a new record for the value of payment instructions settled in one day last month (FX Week, June 26). It settled 381,872 payment instructions with a gross value of
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