ACI
3I0-013 · Question #129
The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?
The correct answer is A. To simplify domestic payments. See the full explanation below for the reasoning.
Question
The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?
Options
- ATo simplify domestic payments
- BTo handle interbank liquidity more efficiently
- CTo accelerate cross-border payments
- DTominimizesettlement risks
How the community answered
(26 responses)- A81% (21)
- B4% (1)
- C12% (3)
- D4% (1)
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