Regulation, Risk & Compliance
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FAB signs testing and trialling agreement with CLS for CLSNet
First Abu Dhabi Bank has signed a testing and trialing agreement with CLS for its confirmation, matching and netting service ‘CLSNet’. FAB, which has marked another regional first through this agreement, will be able to automate and standardise the netting calculation and reconciliation process with counterparties by using CLSNet, thereby…
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Source: First Abu Dhabi Bank