CLSNet

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.

 

  • Provides mutual netting payment calculation and operational screens/reports
  • Supports adherence to Principles 35 and 50 of the FX Global Code
  • Automates netting reconciliation
  • Delivers operational risk mitigation
  • Enhances risk mitigation for trades not settling in CLSSettlement
  • Delivers matching and legal confirmation of 120 currencies
  • Supports spot, swaps, forwards, same day and NDFs trade instructions
Download overview
Improves
  • Intraday liquidity
  • Operational efficiencies through automation
  • Post-trade processes
Reduces
  • Funding and number of payments required
  • Credit consumption
  • Intraday overdraft costs and correspondent bank charges
  • Communication required to confirm positions
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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.


Advancing settlement risk mitigation

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.

FSB roadmap and FX Global Code guidance
  • Ongoing engagement with public policy community
  • Formal responses to consultations (FSB roadmap / FX Global Code)
  • Efforts to promote adoption of and enhancements to the FX Global Code

Find out more

Press Release Press Release
Case study Case study

3 min read
Video Video

CLSNet - how it works

FX global landscape
3 min watch
Video Video

CLSSettlement in a day - how it works

FX global landscape
2 min watch

Contact us to find out more

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