Welcome to CLS
CLS Bank operates the largest multi-currency cash settlement system to eliminate settlement risk in the foreign exchange market.
Owned by the foreign exchange community, CLS delivers greater operational efficiency when settling payment instructions related to trades executed in six traded instruments and in 17 major currencies.
CLS Settlement is the only means by which settlement risk can be eliminated with finality using a unique combination of payment versus payment in central bank funds, multilateral payment netting and a standard legal framework, supported by a robust and resilient infrastructure.