management software vendor, has released PayPlus CLS, a continuous linked settlement system for the planned CLS Bank.
The 63 member banks of CLS Bank, a future clearing vehicle for foreign exchange trades, will be able to manage the full life cycle of currency transactions settled through CLS Bank.
PayPlus CLS gives access to CLS Bank, trade matching, liquidity management, and trade reconciliation. It interfaces with back-office systems, credit systems, and exchange rate feeding systems. The client/server system also contains security and advanced risk management features.
Another new system released by Fundtech, Nostroplus, has gone live at Bank Leumi in Israel. It is an account management system that provides banks with intraday and interday cash positions for individual accounts, account groups, and currency groups.