CLS Bank announced today that New Zealand and Hong Kong Dollars will become CLS Bank eligible currencies once all the requirements in CLS Bank’s rules have been satisfied. This follows CLS Bank’s similar in-principle endorsement at the end of 2001 to add the Danish Kroner, Norwegian Krone, Swedish Krona and Singapore Dollar to the list of CLS Bank -eligible currencies.
This announcement brings the number of currencies endorsed in
principle by CLS Bank to six, with other currencies under consideration. Once these currencies have satisfied all the requirements they will join the Australian Dollar, Canadian Dollar, Euro, Japanese Yen, Pound Sterling, Swiss Franc and United States Dollar as CLS Bank eligible currencies.