BNY is the latest participant to go live on CLSNet, our bilateral payment netting calculation service for over 120 currencies.
As the network effect continues to grow, additional participants are expected to go live throughout 2026, with the top 12 global banks now committed to the growing CLSNet community.
The average daily netted value1 of CLSNet was USD203 billion in the first quarter of 2026, an increase of 14% year-on-year from the same quarter in 2025.
“Going live on CLSNet represents an important advancement in how we optimize and safeguard our FX operations against settlement risk, while strengthening the CLS ecosystem and network effect of the service.”
Jason Vitale, Global Head of Execution Services, BNY
1 Netted value refers to bilateral net payment amounts calculated by CLSNet
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