29 November 2021

E-Forex: CLS collaborates with 12 global banks to pilot PvP

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.

"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."

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