CLSSettlement

Mitigate settlement risk for your FX trades while benefiting from operational efficiencies, in addition to best-in-class netting and liquidity management.

The global standard in FX settlement risk mitigation
Each day we settle over USD6.0 trillion of payments in 18 of the most actively traded currencies globally, protecting 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 payment-versus-payment system. 

Delivering of huge efficiencies and savings for our clients
Our centralized platform and approach to multilateral netting mitigates settlement risk, reduces costs – and shrinks funding requirements by over 96% so you can put your capital and resources to better use.

That’s why over 70 of the world’s most important financial institutions choose to be settlement members of CLS – and over 30,000 more use our services, including banks, funds, non-bank financial institutions and multinational corporations. 

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

We deliver huge efficiencies and savings for our clients so you can put your capital and resources to better use.

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Operational timeline

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CLSSettlement in a day - how it works

FX global landscape
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Product overview Product overview

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