CLSNet

Our bilateral payment netting solution, built 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. Built on a distributed ledger technology platform, CLSNet covers trades settling outside CLSSettlement while introducing standardization and automation for the entire FX market.

Market standardization for post-trade processes

Participants will be able to submit FX instructions to CLSNet for spot, tom/next day, forwards, non-deliverable forwards (NDFs), swaps and same-day trades for more than 125 currencies1. We will offer participants the option of submitting their net payment instructions via SWIFT channels.

CLSNet:


Operational risk mitigation

System processing and operational efficiencies

Liquidity enhancements

The launch of the service is subject to any necessary approvals

CLSNet’s coverage will include all currencies associated with jurisdicitions that are not on an official black or sanctions list that would prevent CLS from conducting business with that jurisdiction.

CLSNet

Bridging the divide: How CLS and IBM moved to blockchain

In this report, we share lessons from our ongoing blockchain initiative – CLSNet.