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Continuous Linked Settlement
Key Benefits
Some of the key benefits we offer are:
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, will be a key requirements for CLS participants. Standard Chartered's Third Party service is designed to allow customer's online, real-time access to this crucial, decision-making management information. Customers will have the ability to access comprehensive information on all their trades and positions via the internet. Additionally, they can request CLS information via the traditional SWIFT channel.
Liquidity
CLS participants will be required to manage their liquidity requirements on an intra-day basis. We will offer a competitive intra-day liquidity and credit solution, leveraging our clearing strengths and strong Nostro arrangements.
Settlement risk
Settlement risk reduction will allow customers to trade with a wider range of counterparties than previously.
Settlement services
Standard Chartered is a self-clearer in four of the CLS currencies and has strong Nostro arrangements in the others. Standard Chartered¡¦s Third Party CLS customers will benefit from this excellent clearing capability.
A non-CLS service
A non-CLS service will offer customers the ability to outsource the settlement of all their FX trades (not just those which are CLS eligible).
Future CLS currencies
Among the planned future CLS currencies are Hong Kong and Singapore dollars. These are key currencies for Standard Chartered and the bank is well placed to be your strategic Settlement member of choice.
Flexibile
Flexible pay-in and cut-off times will be offered to leverage the Bank's efficiencies derived from our investment programme. This will allow us to offer extremely competitive cut-off times for our CLS Third Party customers.
Liquidity solution
We will take advantage of innovative liquidity arrangements to trade down large anticipated short positions against long positions thus managing our overall liquidity position most efficiently for the benefit of ourselves and our customers.
Pricing
We will leverage our operational efficiencies to offer competitive CLS settlement pricing propositions. As a major FX player, 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.
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