CLS FUNDAMENTAL TO FX

financial settlement and financial transaction services, namely, providing foreign exchange transactions, deposit taking, and provision of overdrafts and the taking of securities and other collateral in relation to such overdrafts; acting as a financial settlement agent; effecting settlements through book transfers and circles processing; splitting of transactions for the purposes of settlements; provision of bilateral and multilateral financial netting; taking financial margins; calculating net settlement amounts; default management; loss sharing; financial clearing house services; financial analysis; financial consultancy; exchange services relating to shares, securities, commodities, futures and options; organization and operation of trading markets for financial services and financial instruments; provision of financial information relating to foreign exchange transactions; clearing, payment, and settlement services relating to international currency, securities, commodities and other financial transactions among financial institutions and other participants in the financial markets

telecommunication services, namely, communication by computer terminals; computer-aided transmission of messages, information and images, electronic mail, message sending, rental of message sending apparatus and leasing of access to computer databases; all the above services relating to financial settlement and financial transaction services, foreign exchange transactions, settlement agency services, settlement systems for foreign exchange transactions

computer programming; development of software programmes; rental and design of computer software; updating of computer software; consultancy in the field of computer hardware; computer software consultancy; all the above services relating to financial settlement and financial transaction services, foreign exchange transactions, settlement agency services, settlement systems for foreign exchange transactions