ACI Diploma Practice Questions - ACI Financial Markets Association Diploma Exam

What is the primary role of the Continuous Linked Settlement (CLS) system in the foreign exchange market?

To provide liquidity to central banks To mitigate foreign exchange settlement risk (Herstatt risk) To calculate forward interest differentials To execute high-frequency algorithmic trades

Correct Answer:

To mitigate foreign exchange settlement risk (Herstatt risk)

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