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Currency Program

CLS has created a comprehensive process to successfully and efficiently on-board currencies. Find out more about the benefits of CLS and the practical steps you need to take to join CLS.

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 Currencies 

CLS settles payment instructions related to underlying transactions in 17 currencies and certain other transactions that result in one-way payments in a subset of those currencies.

Currencies are sovereign and CLS maintains accounts with each of the central banks whose currencies settle in CLS. Funds are paid and received through these accounts. In addition to mitigating settlement risk, central banks whose currency is settled in CLS receive other benefits including:

  • Enhanced financial stability of the local market through the mitigation of settlement risk
  • Improved visibility of the local FX market through daily settlement reports
  • Delivery of higher standards and better risk management practices

Below is a list of the central banks that have currencies eligible for settlement in CLS.


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

Banco de México

Banco de México
CLS Bank has a central bank account with the Banco de México, to facilitate the settlement of the Mexican peso.

Bank of Canada

Bank of Canada
CLS Bank has a central bank account with the Bank of Canada, to facilitate the settlement of the Canadian dollar.

Bank of England

Bank of England
CLS Bank has a central bank account with the Bank of England, to facilitate the settlement of Pound sterling.

Bank of Israel

Bank of Israel
CLS Bank has a central bank account with the Bank of Israel, to facilitate the settlement of the Israeli shekel.

Bank of Japan

Bank of Japan

CLS Bank has a central bank account with the Bank of Japan to facilitate the settlement of Japanese yen.

Bank of Korea

Bank of Korea

CLS Bank has a central bank account with the Bank of Korea, to facilitate the settlement of the Korean won.

Danmarks Nationalbank

Danmarks Nationalbank

CLS Bank has a central bank account with the Danmarks Nationalbank, to facilitate the settlement of the Danish krone.

European Central Bank

European Central Bank

CLS Bank has a central bank account with the European Central Bank, to facilitate the settlement of the euro.

Federal Reserve Bank of New York

Federal Reserve Bank of New York
CLS Bank has a central bank account with the Federal Reserve Bank of New York, to facilitate the settlement of the US dollar.

Hong Kong Monetary Authority

Hong Kong Monetary Authority
CLS Bank has a central bank account with the Hong Kong Monetary Authority, to facilitate the settlement of the Hong Kong dollar.

Monetary Authority of Singapore

Monetary Authority of Singapore
CLS Bank has a central bank account with the Monetary Authority of Singapore, to facilitate the settlement of the Singapore dollar.

Norges Bank

Norges Bank
CLS Bank has a central bank account with Norges Bank, to facilitate the settlement of the Norwegian krone.

Reserve Bank of Australia

Reserve Bank of Australia

CLS Bank has a central bank account with the Reserve Bank of Australia, to facilitate the settlement of the Australian dollar.

Reserve Bank of New Zealand

Reserve Bank of New Zealand

CLS Bank has a central bank account with the Reserve Bank of New Zealand, to facilitate the settlement of the New Zealand dollar.

 

South African Reserve Bank

South African Reserve Bank
CLS Bank has a central bank account with the South African Reserve Bank, to facilitate the settlement of the South African rand.

Sveriges Riksbank

Sveriges Riksbank
CLS Bank has a central bank account with the Sveriges Riksbank, to facilitate the settlement of the Swedish krona.

Swiss National Bank

Swiss National Bank
CLS Bank has a central bank account with the Swiss National Bank, to facilitate the settlement of the Swiss franc.