CLSSettlement

Mitigate settlement risk for your FX trades while benefiting from operational efficiencies, in addition to best-in-class netting and liquidity management. Our FX settlement service is available both directly, to settlement members, and indirectly, to third party participants. 

Our leading payment-versus-payment (PvP) FX settlement service makes settlement efficient, safer and more cost-effective.

Mitigates the most significant risk in the FX market - settlement risk

Our FX settlement service is available both directly, to settlement members, and indirectly, to third-party clients. Our members include over 70 of the world’s largest financial institutions. Over 25,000 third-party participants use our service, including banks, funds, non-bank financial institutions and multinational corporations.

Reduce risk, improve efficiency and increase liquidity

We protect our members and their clients from the most significant risk in the FX market – settlement risk. We do this by simultaneously settling payments relating to FX trades using our unique PvP system.

We also maximize the advantages of straight-through processing to deliver operational efficiencies and minimize associated costs. Our clients benefit from increased liquidity — with their funding requirements reduced by 96% or more through multilateral netting.

How settlement works

The benefits

  • Risk mitigation and management
  • Capital and liquidity efficiencies
  • Operational and IT efficiencies
  • Business growth

 

CLSSettlement overview