CLSSettlement
Corporate treasures
Corporate treasurers operating in the FX market today face a range of challenges to maximize operational efficiencies, while also complying with an increasing number of regulatory requirements.
Streamline your treasury operations for FX trading and benefit from best-in-class multilateral netting, improved cash management efficiencies and reduced settlement risk. Our leading payment-versus-payment (PvP) service is available to multinational corporations through our settlement members comprising over 75 of the world’s most important financial institutions.
How we mitigate settlement risk
Multinational corporations can gain access to CLSSettlement to settle FX trades through our settlement members (third-party service providers) offering CLS-related services to their clients. The third-party service providers will connect your treasury operations to CLSSettlement, enabling the submission of trades. Third-party service providers are also responsible for handling all of the payment instructions and funding relating to these FX trades.
Why CLS?
Regulated and supervised by the Federal Reserve and recognized as a systemically important financial market infrastructure, CLS is critical to the orderly functioning of the global FX market.
Our unique PvP settlement service is linked to the real-time gross settlement (RTGS) systems of the 18 currencies eligible for CLSSettlement. The settlement of these payment instructions is final and irrevocable