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
Mask Group 173

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.2 Subject to all necessary approvals.


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 PvP2
  • 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)

Find out more

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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