Special Feature - CLS settlement: the next two years
Since its September 2002 launch, however, the service has broken volume record after volume record. It now settles 130,000 instructions worth $1.5 trillion daily, and is used by some 225 banks, corporates and financial institutions.
At its launch, statistics such as this were unthinkable. Yet the CLS Group is not sitting back, basking in its success. Instead, as Joseph De Feo, president and chief executive of the group's CLS Bank explains, it is busy planning for the next two years.
"This thing
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