Standard Chartered To Use MPCT To Join CLS
TECHNOLOGY NEWS
LONDON -- Standard Chartered Bank will use mpct Solutions’ CLS Server to join the CLS Services FX settlements system, mpct announced last week.
Simon Marsden, CLS project manager at Standard Chartered in London, says the software will enable the bank to join CLS in the first wave of participants. CLS, which will go live in October 2001, is an industry initiative to reduce FX settlement risk.
The CLS Server is a real-time automated platform for processing CLS transactions for a bank and its
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