CLS System definition
CLS System means the system for settling payment obligations and entitlements arising from foreign exchange and other transactions, operated by CLS Bank International;
CLS System means all functions performed by CLS Bank in respect of any transactions, in accordance with the CLS Bank Documents;
CLS System means the computer hardware and software system used by CLS Bank to deliver the CLS Service, which system links up with the Clearing House Computer.
Examples of CLS System in a sentence
Tenant Administration is restricted to permanent staff with a need to manage the CLS system.
More Definitions of CLS System
CLS System means the system for settling payment obligations and entitlements arising from foreign exchange and other transactions, operated by CLS Bank International; “Clearing House” means the Clearing House established pursuant to section 59 of the Banking Act (Cap. 19); “computer output” shall have the same meaning as ascribed to it under the Evidence Act (Cap. 97); “Current Account” means a current account that a participant shall open with MAS for maintaining cash balances; “Custody Cash Account” means a Singapore dollar account opened and maintained by MAS for a participant, in accordance with the “Terms and Conditions Governing the Operation of the Custody Cash Account of the Specified Institution”; “digital signature” means a cryptographic process by which a SWIFT message is signed with the sender's private signature key so that the recipient of the message with the corresponding public key can accurately determine that the message: originated from the sender and has not been altered since it was signed;
CLS System means the system for settling payment obligations and entitlements arising from foreign exchange transactions, operated by CLS Bank International, an institution which is approved by MAS pursuant to section 29A of the MAS Act and having its registered or principal place of business at ▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ of America; Evidence Act (Cap. 97);
CLS System means the system for settling payment obligations and entitlements arising from foreign exchange and other transactions, operated by CLS Bank International; “Clearing House” means the Clearing House established pursuant to section 59 of the Banking Act (Cap. 19); “computer output” shall have the same meaning as ascribed to it under the Evidence Act (Cap. 97); “Current Account” means a current account that a participant shall open with MAS for maintaining cash balances; “Custody Cash Account” means a Singapore dollar account opened and maintained by MAS for a participant, in accordance with the “Terms and Conditions Governing the Operation of the Custody Cash Account of the Specified Institution”;
CLS System means the computer hardware and software system used by CLS Services Ltd, on behalf of CLS Bank or its members, as the case may be, to deliver the CLS Service, which system links up with the Clearing House Computer.
CLS System means the hardware and software system used … to deliver the [CLS Bank settlementSettlement] service…
CLS System means the computer hardware and software system used by CLS Services, on behalf of CLS Bank or the Settlement Members, as the case may be, to deliver the services described in the CLS Bank Documents.