CLS System definition

CLS System means the system for settling payment obligations and entitlements arising from foreign exchange and other transactions, operated by CLS Bank International;
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CLS System means all functions performed by CLS Bank in respect of any transactions, in accordance with the CLS Bank Documents;
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CLS System means the computer hardware and software system used by CLS Bank to deliver the CLS Service, which system links up with the Clearing House Computer.
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Examples of CLS System in a sentence

  • The CLS system provides significant operational efficiencies in currency deliveries generally, and allows for a single, comprehensive set of procedures and deadlines in a three-day delivery process for those futures contracts for which both currencies are supported by CLS.

  • The CLS system does not support a small number of currencies included in the Exchange’s currency pair futures contracts.

  • The Exchange’s currency futures Rules provide for the use of the CLS system in the physical delivery process for most currency futures contracts (including the USDX and most currency pair contracts).

  • In addition, understanding the causal reasoning process behind the conclusions of the system will certainly help the acceptance of the AI or CLS system in the clinic.

  • The Parent Company also continued its commitment towards eliminating settlement risk in foreign exchange transactions through direct subscription to the CLS system.

  • Positions may be posted by the district once there is an open position.

  • V is interest- ing, but at the same time it is intricate, and furthermore, the expectation values resulting from the proposal differs from the conventional theory.To this end we draw attention to the positive curvature theorem concerning the admissible nonlinear extension of quantum state space [8].

  • Settlement risks are also reduced through the use of the Continuous Linked Settlement (CLS) system when conduct- ing foreign currency transactions.

  • While the CLS system has rapidly come to dominate foreign exchange transactions, settling more than $6 trillion daily, many forex transactions are still carried out without PvP protection.

  • These options reflect the way each account is set up in the CLS system, where the User only sees those services in which permission is granted.


More Definitions of CLS System

CLS System means the system for settling payment obligations and entitlements arising from foreign exchange and other transactions, operated by CLS Bank International; “Clearing House” means the Clearing House established pursuant to section 59 of the Banking Act (Cap. 19); “computer output” shall have the same meaning as ascribed to it under the Evidence Act (Cap. 97); “Current Account” means a current account that a participant shall open with MAS for maintaining cash balances; “Custody Cash Account” means a Singapore dollar account opened and maintained by MAS for a participant, in accordance with the “Terms and Conditions Governing the Operation of the Custody Cash Account of the Specified Institution”; “digital signature” means a cryptographic process by which a SWIFT message is signed with the sender's private signature key so that the recipient of the message with the corresponding public key can accurately determine that the message: originated from the sender and has not been altered since it was signed;
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CLS System means the computer hardware and software system used by CLS Services Ltd, on behalf of CLS Bank or its members, as the case may be, to deliver the CLS Service, which system links up with the Clearing House Computer.
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CLS System means the system for settling payment obligations and entitlements arising from foreign exchange and other transactions, operated by CLS Bank International; “Clearing House” means the Clearing House established pursuant to section 59 of the Banking Act (Cap. 19); “computer output” shall have the same meaning as ascribed to it under the Evidence Act (Cap. 97); “Current Account” means a current account that a participant shall open with MAS for maintaining cash balances; “Custody Cash Account” means a Singapore dollar account opened and maintained by MAS for a participant, in accordance with the “Terms and Conditions Governing the Operation of the Custody Cash Account of the Specified Institution”;
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CLS System means the computer hardware and software system used by CLS Services, on behalf of CLS Bank or the Settlement Members, as the case may be, to deliver the services described in the CLS Bank Documents.
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CLS System means the hardware and software system used … to deliver the [CLS Bank settlementSettlement] service…
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Related to CLS System

  • TA2000 System means DST’s TA2000TM computerized data processing system for shareholder accounting.

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Computer System means (1) computers with related peripheral components, including storage components, (2) systems and applications software, (3) terminal devices, (4) related communications networks or customer communication systems, and (5) related electronic funds transfer systems; by which data or monies are electronically collected, transmitted, processed, stored or retrieved.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Customer Systems means the Customer's information technology infrastructure, including computers, software, hardware, databases, electronic systems (including database management systems) and networks, whether operated directly by Customer or through the use of third-party services.

  • Water System means the plants, structures and other

  • IT System means the configuration of computer components comprising all the software owned by, or licensed to you by a third party (and any updates and enhancements to it), all hardware, telecommunications and network equipment used by you, together with any asset which relies in any respect on computer hardware or other information technology (whether embedded or not) which links the different parts of the system together;

  • Supplier Software software which is proprietary to the Supplier (or an Affiliate of the Supplier) and which is or will be used by the Supplier for the purposes of providing the Services, including the software specified as such in Schedule 5 (Software);