Westpac Banking Corporation

Transactional banking

Continuous Linked Settlement

As a founding settlement member of the Continuous Linked Settlement Bank (CLSB), Westpac will be able to provide AUD Continuous Linked Settlement (CLS) services to offshore member financial institutions.

Westpac operates numerous accounts for global financial institutions, transmitting a large proportion of the total Australian SWIFT payment, trade, securities and financial markets' volume.

Westpac, with its head office based in Sydney, was one of the first banks in Australia to provide AUD clearing services and has been recognised as the leading Australian transactional bank with approximately 35% market share 1.

Talk to us about

  • Straight through processing of payments
  • Managing settlement risk. To see how Westpac's CLS operations can work for you, review the   PDF settlement process and timeline (PDF 28kb)
  • Easy and flexible reporting:
    MT900 "confirmation of debit" to your Nostro account
    Internet reporting for AUD Nostro accounts, including CLS payments
    Optional separate reporting for CLS MT900's, MT910's or MT942's.
Things you should know
  • 1.Peter Lee Associates Large Corporate & Institutional Relationship Banking survey, Australia 2010 (equal No.1); Peter Lee Associates Transactional Banking survey, Australia 2010 (outright No.1).
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