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CAPITALIA USING ABN AMRO FOR CLS

Italian bank Capitalia is now using ABN Amro’s third party service to settle its foreign exchange trades on the new Continuous Linked Settlement (CLS) service, the first Italian bank to use CLS via another bank’s settlement systems. IntesaBci and Unicredito Italiano settle their trades directly with CLS. The collaboration with Capitalia will also help ABN Amro fine-tune its delivery of CLS services to other third parties, says Joerg Pinkernell, head of the CLS

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