Settlement

CLS is the world leader in FX settlement solutions. Our settlement services empower client success by reducing risk, improving efficiency and increasing liquidity.

CLS is the world leader in FX settlement solutions. Our clients benefit from increased liquidity —with their funding requirements reduced by 96% or more through multilateral netting.

We deliver this alongside reduced settlement risk and improved efficiency. Since we launched in 2002, we have significantly reduced settlement risk from 18 CLS-eligible currencies. Today we handle an average of USD 5 trillion payment instructions every day and are systemically important to the FX market. The scale of our network is due to the proven quality of our service, and our zero-tolerance attitude to failure. As the market evolves, we continue to innovate and expand—bringing excellence in settlement solutions to new market participants.

CLSSettlement

Access additional processing capacity and reduce operational risk caused by high-frequency, low-value FX trading using our trade aggregation service.


CLSSameday

Reduce settlement risk for same-day FX trades that are currently traded after CLS’s cut-off times through our additional settlement session.


CLSClearedFX

Reduce settlement risk for same-day FX trades that are currently traded after CLS’s cut-off times through our additional settlement session.


CLSNow

Reduce settlement risk for same-day FX trades that are currently traded after CLS’s cut-off times through our additional settlement session.

Cross Currency Swaps

Mitigate FX settlement risk and reduce your liquidity and payment demand for cross currency swap trades.


CLS Central Settlement DTCC

Mitigate the most significant risk in FX – settlement risk – while creating operational efficiencies and best-in-class netting and liquidity management.

     


Mitigates FX settlement risk in the world’s single largest market



Is available directly or indirectly to FX market participants


Settles payment instructions relating to transactions in 18 currencies