Central Banking

Global settlement bank CLS to recognise Korean won

The CLS Bank has said it recognises the Korean won as an eligible currency for the bank's settlement process in principle. Bank of Korea officials noted that the inclusion of the local currency as a CLS currency would free domestic banks from "foreign-exchange settlement risk".

Source: The Korea Herald

The New York-based Continuous Linked Settlement Bank International announced yesterday that it has recognized "in principle" the Korean won as an eligible currency for the bank's settlement process

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.