Choosing a Settlement Member in the CLS Era

Continuous linked settlement (CLS) is a relatively new clearing system technique for Asian banks, as the original seven currencies, and hence participants, were largely European and North American.
  • CLS' popularity in Asia is expected to increase with the inclusion of the Singapore and Hong Kong dollars in 2003 and 2004, respectively.
  • This case study examines how Dah Sing Bank DSB, as a third-party participant, came to choose HSBC as its CLS settlement member.
  • DSB's comparison of potential settlement members was not limited to the traditional criteria such as system requirements and pricing, as these factors were found to be similar among settlement members' third-party participant service proposals rather, DSB expanded its examination to include the quality of pre- and post-implementation support, the degree of data confidentiality and the timeliness of real-time information access.
...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222