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Credit Suisse wins former ABN Amro CLS client

Swiss private bank Bank of New York-Inter Maritime Bank (BNY-IMB) has switched continuous-linked settlement (CLS) service provider from ABN Amro to become Credit Suisse's 20th CLS client.

An ABN Amro spokesperson in London said the bank does not comment on client mandates. But a source close to the bank said that for undisclosed reasons it had chosen not to take up the BNY-IMB mandate it had initially won.

Olaf Ransome, head of product development and

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