CLS to cut prices for largest users
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The settlement system is making the changes as it seeks to address the concerns from larger banks that they are not seeing any benefit from the fact that they settle bigger volumes on the system.
Roland Merkelbag, senior product manager for CLS and settlement at ABN Amro in Amsterdam, said the new pricing structure would come into place in the first quarter of the year. He said: "It will mean banks settling above a set number of trades per month will have to pay a lower ticket price for all
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