Follow the leaders (TT Oct06 p26-28)
The Treasurer October 2006
Since its launch in 2002, CLS(Continuous Linked Settlement) has expanded considerably, both in the number of currencies covered and the volume of payment instructions settled. The initial seven currencies have risen to 15, and in June 2006 CLS Bank settled a record daily average of 291,087 payment instructions with a gross value exceeding $2.7 trillion.
