CLSNet today
CLSNet is a standardized, automated bilateral payment netting calculation service for buy-side and sell-side institutions. CLSNet enhances risk mitigation for trades not settling in CLSSettlement by standardizing and automating post-trade matching and netting processes.
- Centralized infrastructure with matching and legal confirmation of 120 currencies* including same day and NDFs
- Mutual netting payment calculation and operational screens/reports
- NDF capabilities including fixing source match
- Supports adherence to Principles 35 and 50 of the FX Global Code - settlement risk mitigation and best practice in post-trade processing
Streamlined workflow
- Standardized netting calculation and process
- Automation of netting reconciliation
Exploring alternative PvP
Leveraging our unique position at the center of the FX industry and our experience with CLSNet, we are working in partnership with the public and private sector to develop an alternative PvP solution that will address settlement risk for currencies that are not currently eligible for CLSSettlement.
Proposed alternative PvP**
- Settlement risk mitigation
- Liquidity and funding optimization
- Completes post-trade lifecycle
- Centralized solution for FX market
FSB roadmap / FX Global Code guidance
- Working Group of 12 settlement members
- Pilot to evaluate potential alternative PvP solutions
- Ongoing engagement with public policy community
- Formal responses to consultations (FSB roadmap / FX Global Code)
**Subject to all necessary approvals
How it works
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Benefits:
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Who should use it:
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