ACI
3I0-013 · Question #258
What are the main advantages of settling an FX transaction through the CLS Bank?
The correct answer is A. CLS eliminates foreign exchange risk and thus increases bank profits on FX deals. See the full explanation below for the reasoning.
Question
What are the main advantages of settling an FX transaction through the CLS Bank?
Options
- ACLS eliminates foreign exchange risk and thus increases bank profits on FX deals
- BCLS minimizes the settlement risk
- CCLS reduces operational banking costs
- DCLS eliminates the settlement risk but reduces operational efficiency
How the community answered
(17 responses)- A71% (12)
- B18% (3)
- C6% (1)
- D6% (1)
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