Online, real-time management information

Because CLS is time critical, provision of real-time information on trades as well as long and short currency positions, is a key requirement for CLS participants. Standard Chartered's Third Party service allows customers online, real-time access to this crucial, decision-making management information. Customers have the ability to access comprehensive information on all their trades and positions via the internet. Additionally, they receive CLS information via the traditional SWIFT channel.

Liquidity

CLS participants are required to manage their liquidity requirements on an intra-day basis. We offer a competitive intra-day liquidity and credit solution, leveraging our clearing strengths and strong Nostro arrangements.

Settlement risk

Settlement risk reduction means that banks incur and create less risk – and thus allows trading with a wider range of counterparties and consequently more liquidity in foreign exchange trading.

Settlement services

Standard Chartered is a self-clearer in four of the CLS currencies and has strong Nostro arrangements in the others. It's clearing strength will be enhanced when the Singapore dollar joins the CLS system in 2003.

Future CLS currencies

As well as Singapore dollars, it is likely that the Hong Kong dollar will join the CLS system. These are key currencies for Standard Chartered and the bank is well placed to be your strategic Settlement member of choice.

Pricing

We will leverage our operational efficiencies to offer competitive CLS settlement pricing propositions. As a major FX trader, and clearing bank, we aim to benefit from the pricing structure set by CLSB, and will pass this benefit to our customers.

Standard Chartered - the Banker's Bank

Standard Chartered has a reputation as "the Banker's Bank" and is fully committed to maintaining this position serving the Institutional sector through its participation in CLS.

Operations