CLSNet - Follow the leaders

Our bilateral payment netting calculation solution, operating on a distributed ledger technology (DLT) platform, allows you to drive operational process efficiencies, such as optimizing intraday liquidity, enabling real-time awareness of currency and counterparty exposures, and reducing risk.

CLSNet is a revolutionary FX product that addresses the wider post-trade processing needs of our clients, removing the manual reconciliation netting process and replacing it with an automated and standardized solution.

Considered the first global FX market enterprise application running on blockchain in production, CLSNet has been developed for, and in collaboration with, buy-side and sell-side institutions.

In addition to existing CLS settlement members, CLSNet can also be used directly by non-CLS banks and the buy side, enabling a wider group of market participants to benefit from the operational efficiencies, liquidity enhancements and risk mitigation the service delivers.

Actinver, BNP Paribas, Citibank and J.P. Morgan are the latest participants to join the service, reinforcing the value CLSNet is delivering to the market.

 

> View our recent press release here <

Six of the top ten global banks are already active on CLSNet

CLSNet aims to increase the levels of payment netting calculations for trades not settling in CLSSettlement by introducing standardization and automation for the entire FX market.

Participants submit FX instructions to CLSNet for spot, tom/next day, forwards, non-deliverable forwards (NDFs), swaps and same-day trades for approximately 120 currencies.

Unlike other market solutions, CLSNet is agnostic with regards to the trading platform/venue on which a client chooses to trade.

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