OTC derivatives

Our leading payment-versus-payment FX settlement service makes settlement efficient, safer and more cost-effective for your OTC credit derivatives cash flows.

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

Our leading payment-versus-payment FX settlement service makes settlement efficient, safer and more cost-effective.

Over 24,000 third-party clients use our service

Our FX settlement service is available both directly, to settlement members, and indirectly, to third party clients. Our members include 60 of the world’s largest financial institutions. Over 24,000 third-party clients use our service, including banks, funds, non-bank financial institutions and multinational corporations.

We protect our members and their clients from the most significant risk in the FX market – settlement risk. We do this by simultaneously settling payments relating to FX trades on a real-time basis, using our unique payment-versus-payment (PvP) system.

We also maximize the advantages of straight-through processing to deliver operational efficiencies and minimize associated costs. Our clients also benefit from increased liquidity —with their funding requirements reduced by 96% or more through multilateral netting. 

The Settlement Service:

     


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

 

CLSSettlement membership