CLS Bank Sets New Daily Volume Record

CLS Bank International (CLS Bank) settled an average of 217,978 instructions a day in January, with an average value of US$2.2 trillion. This is slightly lower than December, a record month, in large part due to several currency holidays during

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CLS Bank International (CLS Bank) settled an average of 217,978 instructions a day in January, with an average value of US$2.2 trillion. This is slightly lower than December, a record month, in large part due to several currency holidays during the month.

The number of banks, brokers, funds and corporate using the CLS Bank service reached 737, a 3% rise from December.

On 17 January CLS Bank set a new record for the volume of payment instructions settled in one day, reaching the half million milestone for the first time. CLS Bank settled 502,384 payment instructions with a gross value of US$ 3.876 trillion.

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