Four More Currencies Take the CLS Path

CLS Bank International (CLS Bank) is to settle payment instructions in four new currencies, bringing the number of currencies eligible for settlements to eleven. Following regulatory approval, the Danish Krone, Norwegian Krone, Singapore Dollar and Swedish Krona have been designated as CLS Bank eligible currencies by the CLS Bank Board of Directors. A total of 54 institutions are now settling payment instructions associated with foreign exchange trades through CLS Bank as Settlement Members, with approximately 70 additional institutions also settling transactions in CLS Bank as Settlement Member customers.


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