Colin Day Director of Product Management, SunGard eProcess Intelligence
Colin Day Director of Product Management, SunGard eProcess Intelligence

CLS: A Key Driver for STP

CLS: A Key Driver for STP

First Published: e-Forex Magazine 16 / Features / October, 2004

CLS Bank has been live for nearly two years now, and market players are seeing more and more the need to have processes in place to handle their daily CLS-related activities, including instruction submission and management of timed payments.A recent survey conducted by SunGard ePI amongst the top 500 global banks emphasizes the level of urgency and importance placed upon operations professionals with regard to CLS. The survey looked at the attitudes towards real-time information services and systems in the global banking community. The resulting statistics show evidence of steady growth in the adoption of such real-time information services, with CLS perceived by 61 percent of respondents as the most potent driver of real-time information systems adoption. CLS places several hefty demands on participating institutions, their counterparties, and Nostro agents. CLS has proven its worth in terms of mitigating liquidity risk in the FX market, first by instituting dynamic liquidity provision from Settlement...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here