Sibos TV: FX settlement risk in cross-border payments

Video
Video
10 min watch
Date
10 October 2021
Author
CLS
Publication
SibosTV

Global Head of Product, Keith Tippell, speaks to Sibos TV about alternative PvP solutions for a wider range of currencies and market participants.

FX settlement risk in cross-border payments may be reaching levels that threaten global financial stability, due to an increase in trading of currencies that do not have access to payment-versus-payment – so called PvP - settlement mechanisms. Of particular concern are those from emerging markets. In order to mitigate this rising settlement risk, CLS is collaborating with 12 global banks to explore alternative PvP solutions for a wider range of currencies and market participants.

Watch Global Head of Product, Keith Tippell, speaks to Sibos TV about alternative PvP solutions for a wider range of currencies and market participants.

“We want to build a service with a high degree of flexibility to ensure broad-based adoption.”

Keith Tippell
Chief Product Officer

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