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CLS Adds China CITIC Bank International to Settlement Service
CLS, a market infrastructure group delivering settlement, processing and data solutions, has named China CITIC Bank International (CNCBI) as the first Chinese bank to access CLSSettlement as a third-party client. Bai Lijun, executive director, alternate CEO and treasurer, CNCBI, comments: “By becoming a participant in CLSSettlement, CNCBI aims to mitigate settlement risk, reduce operational costs...
