Post by Sapphire Capital on Jul 13, 2008 3:40:00 GMT 4
The Israeli shekel joined the foreign exchange market's CLS Bank global settlement in May, making it available for international payment instructions.
From a bank announcement: "Following regulatory approval, the Mexican Peso and Israeli Shekel have been designated as CLS Bank Settlement Eligible Currencies. … The extension of the CLS Bank service to these currencies enhances systemic stability in the settlement of foreign exchange transactions, and over half of all CLS Bank Members will be able to settle in these two currencies immediately."
The shekels and the peso join the CLS Bank’s 15 other eligible currencies: The U.S. dollar; the Australian, Canadian, New Zealand, Hong Kong, and Singapore dollars; the Danish and Norwegian krones; the euro; the yen; the Korean won; the South African rand; the Swedish krona; the Swiss franc; and the UK pound sterling (“CLS declares Israeli shekel eligible for international transactions,” Ynetnews.com, 26 May 2008,and CLS press release).
From a bank announcement: "Following regulatory approval, the Mexican Peso and Israeli Shekel have been designated as CLS Bank Settlement Eligible Currencies. … The extension of the CLS Bank service to these currencies enhances systemic stability in the settlement of foreign exchange transactions, and over half of all CLS Bank Members will be able to settle in these two currencies immediately."
The shekels and the peso join the CLS Bank’s 15 other eligible currencies: The U.S. dollar; the Australian, Canadian, New Zealand, Hong Kong, and Singapore dollars; the Danish and Norwegian krones; the euro; the yen; the Korean won; the South African rand; the Swedish krona; the Swiss franc; and the UK pound sterling (“CLS declares Israeli shekel eligible for international transactions,” Ynetnews.com, 26 May 2008,and CLS press release).