Cryptocurrency Q&A
What role does CLS bank play?
What role does CLS bank play?
OceanSoul
Sat Nov 16 2024
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7 answers
1486
I'm trying to understand the function and significance of CLS bank in the financial system. Could you explain its role and how it operates within the larger context of banking and financial transactions?
7 answers
MountFujiMystic
Mon Nov 18 2024
This service mitigates the risks associated with FX settlements.
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Carlo
Mon Nov 18 2024
CLS operates as a trusted third party in the financial world.
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Arianna
Mon Nov 18 2024
CLS's function in the settlement process is narrowly defined.
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Leonardo
Mon Nov 18 2024
Its role ensures that parties involved in foreign exchange (FX) trades are protected.
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HallyuHeroLegend
Mon Nov 18 2024
It solely acts as a settlement agent, facilitating the exchange of currencies.
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