CLSClearedFX

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CLSClearedFX is the first payment-versus-payment settlement service specifically designed for over-the-counter (OTC) cleared FX products. It enables central counterparties and their clearing members to safely and effectively mitigate settlement risk when settling cleared FX and derivative products.

The service delivers capital, margin, leverage, liquidity and operational efficiencies for industry participants, and is consistent with goals set by the G20 in response to the 2008 financial crisis to mitigate systemic risk through the clearing of standardized OTC derivatives. LCH (OTC FX options) and Eurex Clearing (cleared cross currency swaps) are live on CLSClearedFX.

CLS Award Clssettlement Best Trading Infrastructure 2021
CLS Award Market Infrastructure Asia 2021
CLS Award Clssettlement FX Markets Asia 2021
CLS Award Clssettlement FX Markets Asia 2020

Through CLSClearedFX, we have taken our proven track record in mitigating settlement risk to the cleared FX market.

Improves
  • Operational efficiency
  • Capital and margin efficiencies
Reduces
  • Settlement risk
  • Counterparty risk
  • Liquidity demands
FX Global Code
Supporting adherence to the FX Global Code through:
  • Principle 35, settlement risk

CLSClearedFX process flow

Clsclearedfx Diagram July2019

Find out more

Product overview Product overview

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Video Video

CLSSettlement in a day - how it works

FX global landscape
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