Cryptocurrency Q&A
What is CLS in forex trading?
What is CLS in forex trading?
BenjaminMoore
Mon Nov 18 2024
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7 answers
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I'm interested in forex trading and I recently came across the term CLS. I want to understand what CLS stands for and its role in the forex trading market.
7 answers
Giulia
Tue Nov 19 2024
In traditional foreign exchange transactions, there exists a settlement risk, where delays or failures in payment can lead to financial losses.
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Claudio
Tue Nov 19 2024
Continuous Linked Settlement (CLS) is a sophisticated financial system designed to facilitate cross-border payments.
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CryptoDynasty
Tue Nov 19 2024
CLS eliminates this risk by providing a secure and reliable platform for settling trades.
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GeishaMelody
Tue Nov 19 2024
It aims to streamline the settlement of foreign exchange trades, ensuring a seamless and efficient process.
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CryptoWarrior
Tue Nov 19 2024
By utilizing CLS, the risk associated with settlement is significantly minimized.
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