CLS sets record post-Lehman
The six-year-old industry utility settled 1.554 million payment instructions, with a gross value of $8.6 trillion, last Wednesday (September 17), just days after markets opened to the news that Lehman Brothers had filed for Chapter 11 bankruptcy.
This is the first time the volume of payment instructions settled in one day exceeded 1.5 million, with the previous record standing at 1.148 million on July 7. The system settled gross value with a total pay-in requirement of $50 billion, representing a
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