The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

CLS adds new currencies

CLS has added the Mexican peso and Israeli shekel to the 15 currencies it already processes. Commenting on the news, Banco de México Governor, Guillermo Ortiz, said: “I am pleased that agents who trade Mexican pesos in the foreign exchange market have the necessary infrastructure to operate in a more efficient and safe manner. The inclusion of the Mexican currency into the CLS service is an important step to enhance financial stability in our country.”

Stanley Fischer, governor of the Bank of Israel, said: “The inclusion of the Israeli shekel as a settlement currency in CLS is a significant further step in Israel’s increasing integration into the global economy. By reducing settlement risk in FX transactions, vital to Israel’s open economy, it reinforces the stability and efficiency of Israel’s banks and financial system, and benefits the entire economy.”

 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree