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18:53 Feb 11, 2007
English to French translations [PRO] Bus/Financial - Finance (general) / Corporate banking
English term or phrase:cross-currency settlement
Je comprends le sens, mais j'ai du mal à le rendre en français? Merci pour votre aide.
In an effort to reduce settlement risk in the FX market the CLS bank was formed. CLS has brought cross-currency settlement into the twenty-first century. It eliminates the risk of paying away one currency and failing to receive the other as both legs of an FX deal between CLS members settle simultaneously on a payment versus payment (PVP) basis.