CLS bags world’s largest pension fund
NEWS
The Dutch government pension fund has access to the same settlement rates as banks. Peter Sporken, general manager of operations at ABP Investments, said it was already achieving efficiencies through the no-risk-settlement that CLS membership can provide.
"CLS will make a major difference to our business by eliminating risk for our significant volume of forex transactions, while at the same time increasing operational efficiency." He said the move was part of a wider move to cut costs for the
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