ABN Amro’s Indian CLS coup

MUMBAI – ABN Amro may soon be settling the bulk of all foreign exchange trades in India, following a deal it announced last week with the Clearing Corporation of India (CCIL).

From April, CCIL will use the Dutch bank to settle trades for its 60-plus member banks and brokers on the continuous linked settlement (CLS) service for foreign exchange.

And if the CCIL is successful in its aim to act as the aggregator for all cross-currency trades in India on CLS, the deal could bring ABN Amro a virtual

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: