CLSSettlement
Mitigate settlement risk for your FX trades while benefiting from operational efficiencies, in addition to best-in-class netting and liquidity management. Our world-class payment-versus-payment settlement service delivers huge efficiencies and savings for our clients.
Our FX settlement service is available both directly, to settlement members, and indirectly, to third-party participants. Over 75 of the world’s most important financial institutions chose to be settlement members – and over 38,000 more use our service, including banks, funds, non-bank financial institutions and multinational corporations.
Reduce risk, improve efficiency and increase liquidity
We protect our members and their clients from the most significant risk in the FX market – settlement risk. We do this by simultaneously settling payment instructions relating to FX trades using our unique payment-versus-payment (PvP) system.
We deliver huge efficiencies and savings for our clients, maximizing the advantages of straight-through processing to deliver operational efficiencies and minimize associated costs. In addition, our approach to multilateral netting shrinks funding requirements by over 96% on average, so our clients can put their capital and resources to better use.
Our service is supported by a robust and resilient infrastructure within a comprehensive and well-established legal framework.
We are regulated and supervised by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York. We are also overseen by the CLS Oversight Committee, a co-operative oversight arrangement established by the central banks whose currencies are eligible for CLSSettlement.