Peter Schipper Cap Gemini Ernst & Young
Peter Schipper Cap Gemini Ernst & Young

The impact of CLS on your electronic Forex trading behaviour

Peter Schipper and Justin Vosveld refresh our minds on how the concept of CLS works and now that it is expanding to new customer groups, what benefits a corporate treasurer could expect from joining CLS.

First Published: e-Forex Magazine 9 / FOCUS / January, 2003

Justin VosveldCap Gemini Ernst & Youngjustin.vosveld@cgey.nlLast November, Citibank proudly announced that three clients went live with their CitibankÆ CLS™ Settlement Services. On November 11th, CLS Group, broadcasted that American International Group, Inc. (AIG) had become a shareholder of CLS Group. That same month it also sent out a press release stating that enhancements to the CLS service will allow custodians to settle their fund-management client’s forex transactions through CLS1 Bank International. This article refreshes your mind on how the concept works and now that CLS is expanding to new customer groups, what benefits a corporate treasurer could expect from joining CLS.Last November, Citibank proudly announced that three clients went live with their CitibankÆ CLS™ Settlement Services. On November 11th, CLS Group, broadcasted that American International Group, Inc. (AIG) had become a shareholder of CLS Group. That same month it also sent out a press release stating that...continued

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