CLS Bank is based in New York and is an Edge Corporation bank supervised by the Federal Reserve. CLS Bank is a multi-currency bank, holding an account for each Settlement Member and an account at each eligible currency’s Central Bank, through which funds are received and paid. Technical and operational support is provided by CLS Services, an affiliate of CLS Bank. More information on CLS Bank and how it works can be found in the About CLS section.

CLS Bank observes the Core Principles for Systemically Important Payment Systems published by the Committee on Payment and Settlement Systems of the central banks of the G10 countries (“CPSS”). The Core Principles serve as guidelines for the design and operation of safer and more efficient systemically important payment systems by suggesting the key characteristics that these systems should have.

More information on this and also details of CLS Bank’s eligibility criteria for Membership and currencies in the CLS system can be found by clicking the links to the right of this page.