Has CLS performed as well as, better or worse than expected since launch?

Add your own comments to, and read the views of: Martin Rettich, managing director - custody & transaction services (incl. CLS), Credit Suisse; RBS Operations; Roland Kipper, Processing Services, Commerzbank; Arthur Cousins, Director Strategy and Product Development, Standard Bank; Clare Francis, managing director, financial markets sales at Lloyds TSB Corporate Markets; Michael duCharme, Russell Currency Management Group. Expert FX comment by people in the know.