HSBC's custody division unveils new service

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GLOBAL - Global Investor Services, the global custody division of HSBC Bank, has unveiled its Continuous Linked Settlement (CLS) service to assist the settlement of underlying forex deals of custody assets.

The service will be available from CLS Bank’s on today. Hugh Gibson, GIS head of market & product strategy, said: “Extending [our] capability to the bank’s fund manager clients’ third party tran...

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