CLSNow

Optimize the use of available liquidity in the same-day market while mitigating settlement risk through CLSNow - a bilateral same-day payment-versus-payment gross settlement service.

In the increasingly globalized financial markets, treasury departments within banks often have to source large amounts of currency on short notice. With traditional sources of intraday liquidity, such as the contraction of the repo market, there is a growing need for a safe, intraday currency settlement service.

CLSNow meets this need with bilateral same-day payment-versus-payment gross settlement initially in CAD, EUR, GBP and USD. The service enables counterparties to optimize the use of available liquidity in the same-day market while mitigating settlement risk.

The benefits

  • PvP settlement of all same-day FX transactions, including out-legs of in/out swaps
  • Reduce counterparty credit risk through the timely intraday exchange of cross currency flows
  • Raise counter currency during market stress events with access to trade-by-trade matching and PvP settlement on a bilateral basis
  • Expedite your bilateral exchange of cross currency funds on a PvP basis, enabling you to optimize your available liquidity in the same-day market

CLSNow

eForex: Improving liquidity management – can the industry rise to the challenge?

CLS’s Angus Scott talks to e-FOREX about the management of intraday liquidity, why it is a high priority for banks a…