CLSNet growth Q3 2025
The average daily netted value in CLSNet rose by 10% in the third quarter of 2025 to USD176 billion, compared with the same quarter in 2024.
This quarter, CLSNet, our bilateral payment netting calculation service for over 120 currencies – including emerging market currencies – also won two industry awards at the Euromoney FX Awards and the Euromoney Capital Market Awards.
These wins – for Best FX Post-Trade Solution and Best Post-Trade Service Provider – are testament to the growth in adoption of CLSNet as the industry’s centralized platform. A particular highlight is our work with Japanese bank MUFG. The automated and centralized features of CLSNet enabled MUFG to reduce settlement risk for non-CLSSettlement eligible currencies, while supporting adherence to the FX Global Code.