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 join the service, reinforcing the value CLSNet is delivering to the market. Read the press release here >>

Leading emerging markets regional banks, Alfa-Bank and First Abu Dhabi Bank, join CLSNet. Read the 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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CLSNet

Case study: Bank of China (Hong Kong)

CLSNet confirmation protocol