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Brief: Banco do Brasil signs up to BoNY CLS settlement services

01 May 2003  |  3905 views  |  0 Brief: Banco do Brasil signs up to BoNY CLS settlement services

Banco do Brasil has selected the Bank of New York to provide CLS third party settlement services for branches in New York, London and Tokyo and its head quarters in Brasilia.

Banco do Brasil will use SafeSettle, the Bank of New York's proprietary Internet link to the CLS Bank, to monitor foreign exchange settlement processes on a real-time basis.

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