22 August 2017
visit www.avoka.com

CLS hits $5 trillion daily value high

22 June 2006  |  1795 views  |  0 Source: CLS Bank

Today, CLS Bank International (CLS Bank) set a new record for the value of payment instructions settled in one day. CLS Bank settled 381,872 payment instructions with a gross value of US$ 5.35 trillion. This new record is the first time that the value of payment instructions settled has exceeded US$ 5 trillion in one day.

In May CLS Bank also achieved a new record for the daily volume of instructions. It settled an average of 291,087 payment instructions a day derived from foreign exchange deals submitted by its Members and their third party clients, with a gross value in excess of US$ 2.7 trillion.

Rob Close, Chief Executive Officer of CLS Group and President and CEO of CLS Bank said: "This latest record represents a 15% increase over the previous record value and follows the record daily volume 500,000 milestone earlier this year. With over 780 banks, brokers, funds and corporates now settling through CLS Bank, participation continues to grow strongly, reaffirming CLS Settlement as the market standard. With planned enhancements to CLS Settlement arriving next year, we are on track to deliver our aim of greater value and lower cost to all our participants."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11981 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10427 views comments | 22 tweets | 32 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9941 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9720 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9646 views comments | 19 tweets | 23 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job