WestLB and Citibank sign CLS agreement


NEW YORK -- Citibank e-Business, a unit of US bank Citigroup, said last week that Westdeutsche Landesbank Girozentrale (WestLB) has subscribed to its CLS settlement services for foreign exchange settlement.

WestLB will offer the CLS service to German savings banks and Landesbanks. This is the first time financial institutions have been provided with a dedicated mechanism to use Citigroup’s systems to settle their FX transactions on a payment vs payment basis, and enables WestLB to provide the

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: