Finanstra's CLS product (PAYplus for CLS) is the market leading solution for CLS Settlement Members, having now been chosen by over 25 banks across all continents including: Bank of America, Bank of China, Bank of New York, Citibank, Commerzbank, Calyon, Deutsche Bank, National Australia Bank.

The Finanstra application features a non-intrusive deployment model requiring few if any changes to existing legacy systems. It will integrate seamlessly into existing back office systems and allows for full reconciliation of CLS trades, automated payment flows and detailed financial and liquidity reporting. We have also worked closely with our clients to incorporate detailed Third party and Custody modules. Finanstra continues to support CLS Bank’s evolution from FX settlement to the processing and settlement of other instruments such as NDF’s and Option Premiums, whilst continually moving the application to robust and high volume technology.

Finanstra also offers a complete range of implementation and consultancy services with the skills and the capabilities to support major Global and International Banks encompassing:

  • Facilitating CLS Workshops, introducing CLS to the organisation and providing training across all staff levels
  • Experienced Project Management and Business Analysts
  • Impact analysis and feasibility studies
  • Assistance with testing and integration plans
  • Detailed Specification and design writing to assist with product extensions and customisations

Finanstra is the market leader in: Payments and Cash Management Solutions, Payments product solutions, CLS expertise and CLS implementation experience.

Contact: Grant Russell
Telephone: +44 207 826 3045