Related News

Lloyds TSB has selected Citigroup as their Continuous Linked Settlement (CLS) services provider, which will enable them to settle foreign exchange transactions through CLS Bank.

Lloyds TSB plans to go live by the first quarter of 2005.

Lloyds TSB will use Citibank CLS Settlement Services for trade matching, automated funding, reconciliation and access to real-time activity reporting in foreign exchange (FX) trading. This solution will help Lloyds TSB to reduce settlement risk, gain greater efficiencies and increase access to intraday liquidity, claims both banks.