CLS starts settling Hungarian forint payments
After two years of preparation and testing
CLS announced today (November 16) that it has started settling payment instructions in the Hungarian forint on behalf of its settlement members.
The forint is the 18th currency being added to the CLS universe and the first in seven years, since the Israeli shekel and the Mexican peso were introduced in 2008. The forint represents 0.4% of the global $5.3 trillion-a-day FX market, according to data from the Bank for International Settlements.
"We are very pleased to welcome the Hungarian forint on
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