For the first time ever, CLS has settled more than 1 million payment instructions in one day. The landmark came on Tuesday, following the US Veterans’ Day public holiday, which meant two days’ worth of business had to be settled. CLS says it made 1,140,644 payments, beating the previous record of 905,478. So far through November, CLS is settling an average of 492,000 instructions a day. It adds that user participation is also growing and that it now has more than 2,000 third-party clients.
Lee Oliver,
November 15, 2007