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Non-bank financial institutions

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Shaping FX ecosystem

Keywords

FX trade confirmations

Increasing liquidity buffers

Pay-out of multilateral net positions

Global policy

Liquidity enhancements

FX market good practice

Execute large-value trades

Payment-versus-payment settlement

FX global code adherence

FX risk mitigation planning

Intraday profitability

FX settlement risk mitigation

CLS speaks to E-Forex about its PvP pilot with 12 global banks

Article
Article
2 min read
Date
29 November 2021
Author
CLS
Publication
e-FOREX

Global Head of Product, Keith Tippell, talks to e-Forex CLS’s industry pilot to mitigate settlement risk for currencies not currently eligible for CLSSettlement. He explains the drivers behind this initiative, including the rise in FX settlement risk and recent public policy initiatives to tackle it.

Global Head of Product, Keith Tippell, talks to e-Forex CLS’s industry pilot to mitigate settlement risk for currencies not currently eligible for CLSSettlement. He explains the drivers behind this initiative, including the rise in FX settlement risk and recent public policy initiatives to tackle it.

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“We have the experience and expertise of managing operations at scale to the highest of industry standards, and we are confident we can develop an alternative PvP solution that meets the needs of the industry.”

Related communities

Settlement members

Policy makers

Banks

Non-bank financial institutions

Third-party service providers

Third parties

Keywords

FX risk mitigation planning

FX market good practice

Pay-out of multilateral net positions

FX trade confirmations

Global policy

FX global code adherence

Intraday profitability

Execute large-value trades

Increasing liquidity buffers

FX settlement risk mitigation

Liquidity enhancements

Payment-versus-payment settlement

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