Settlement is the only means by which settlement risk can be eliminated with finality using a unique combination of payment versus payment in central bank funds, multilateral payment netting and a standard legal framework, supported by a robust and resilient infrastructure.
Over 3,000 institutions are now settling payment instructions derived from foreign exchange deals through CLS
Warehouse backloading and payment calculation, along with the settlement infrastructure and global reach of CLS
, were essential building blocks to bring the settlement service to market.
The client base includes over 400 well-known global companies, all of whom rely on the partnership with CLS
Communication to enhance the efficiency of their business communications over the long term.
All of the organisations which make up the CLS
- including solicitors' offices, Law Centres and Citizens' Advice Bureaux - display the Community Legal Service Quality Mark which shows that they have met the high standards set for members of the network by the Legal Services Commission.
During two years of this time period our CLS
program was not involved with SHWYF.
The vehicle features a swooping rear hatch with low-profile lines, adhering to the CLS
The fund's managers, Marc Pfeffer, Matthew Santini and Janice Meehan, have joined the CLS
portfolio management team and will continue to work out of their office in Greenwich, Conn.
With the settlement member status Lloyds Bank Corporate Markets, which has been a third-party customer previously, will be able to streamline and standardise its currency operations, CLS
Celebrating its world premiere at the Paris motor show in October 2010, the new CLS
builds on the pioneering role of its predecessor yet at the same time is a new edition.
acquired the property in 1988 for [pounds sterling]1.
The creation of the CLS
is part of government reforms to the legal aid system.