CLS breaks $4 trillion barrier
NEWS
The bank settled 344,016 payment instructions with a gross value of $4.203 trillion, the first time the settlement service has exceeded $4 trillion in one day.
The total value of instructions settled by the bank last week reached a thousand trillion dollars since it was launched in September 2002.
On average, CLS Bank is settling over 200,000 payment instructions a day, coming from foreign exchange deals submitted by members and their third-party clients, with a gross value in excess of $2
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