CLSNet is a standardized, automated bilateral payment netting calculation service across 120 currencies1 for buy-side and sell-side institutions. As a centralized infrastructure, it provides users with a single common record of their net payment obligations to streamline post-trade matching and netting processes.
1 CLSNet’s coverage includes currencies that are not issued by countries on a sanctioned list that would prevent CLS from conducting business with those countries and their issued currencies.
Leveraging our unique position at the center of the FX industry and our market infrastructure experience, we are working to address settlement risk for a broader range of currencies and market participants.
Our priority is to deliver functional enhancements to CLSNet that will deliver immediate benefits to our clients in terms of mitigating risk, optimizing liquidity and creating operational efficiencies for currency flows outside of CLSSettlement.