Tech briefs

Union Bank of Taiwan has taken Citigroup’s CLS Settlement Service to settle its FX transactions through CLS Bank, Citi announced last week. It is the second CLS client for Citi -- it signed up WestLB in July (FX Week, July 15). However Citi said it has a further 25 un-named clients in the wings.

Settlement Members -- any CLS shareholder bank that offers the service to third-party banks -- have been rushing to sign up banks for their products, although few have announced the names of clients.


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