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ABN Amro live on CLS
ABN Amro has become one of the banks eligible to use the Continuous Linked Settlement (CLS) service.
CLS was launched on September 9 with 39 Settlement Members -- the category assigned to those of CLS’s 66 shareholder banks that have fulfilled the necessary criteria and passed tests to use the system.
John Gibbons, head of global transaction services for financial institutions and the public sector at ABN said: "CLS has been the holy grail of FX settlement for many years, and
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