CLSNow

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.

Bilateral same-day payment-v-payment (PvP)
CLSNow meets this need with bilateral same-day PvP 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.

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
Improves
  • Operational and funding efficiencies
  • Access to liquidity

Reduces
  • Settlement risk
  • Credit risk
  • Operational risk
  • Liquidity risk
FX Global Code
Supporting adherence to the FX Global Code through:
  • Principle 35, settlement risk
Download overview

 

Mask Group 173

Mitigate the FX settlement risk associated with the out-legs of CLSSettlement in/out swaps and other same-day FX transactions using our gross payment-versus-payment settlement service.

Single trade settlement flow

Group 2744

Find out more

Video Video

CLSSettlement in a day - how it works

FX global landscape
2 min watch
Product overview Product overview

3 min read
Video Video

CLS Central Bank Payments Marc Bayle De Jessé

FX global landscape
30 min watch

Contact us to find out more

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