About us
Products
CLS helps clients navigate the changing FX marketplace – reducing risk and creating efficiencies. Our extensive network and deep market intelligence enable CLS specialists to lead the development of standardized solutions to real market problems. Our innovative, forward-looking products make the trading process faster, easier, safer and more cost-effective – empowering our clients’ success.
- Settlement
  - CLSSettlement
    Mitigate settlement risk for your FX trades while benefiting from operational efficiencies, in addition to best-in-class netting and liquidity management.
  - 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.
  - Cross currency swaps
    Mitigate FX settlement risk, improve operational efficiencies and reduce your liquidity and payment demand for cross currency swap trades using our world-leading settlement service.
  - CLSSameday
    Reduce settlement risk for same-day FX trades that are currently traded after CLS’s cut-off times through our additional settlement session.
  - OTC derivatives
    Mitigate the most significant risk in FX – settlement risk – while creating operational efficiencies and best-in-class netting and liquidity management.
  - CLSClearedFX
    Reduce settlement risk for same-day FX trades that are currently traded after CLS’s cut-off times through our additional settlement session.
  CLS is the world leader in FX settlement solutions. Our settlement services empower client success by reducing risk, improving efficiency and increasing liquidity.
  
  CLS is the world leader in FX settlement solutions. Our settlement services empower client success by reducing risk, improving efficiency and increasing liquidity.
- Processing
  - CLSNet
    Our bilateral payment netting solution, built on a distributed ledger technology (DLT) platform, allows you to drive operational process efficiencies, such as optimizing intraday liquidity, enabling real-time awareness of currency and counterparty exposures, and reducing risk.
  - CLSTradeMonitor
    An innovative post-trade monitoring and reporting tool designed for asset managers, funds, banks, non-bank financial institutions and multinational corporations to efficiently manage executed FX trades through timely, consolidated reporting across all your custodian banks.
  - Compression
    Manage your gross notional exposures, optimize your capital usage and mitigate your counterparty credit risk using our award-winning FX compression service.
  Our processing solutions bring innovative standardization to post-trade processes, delivering the efficiencies clients need to compete in the FX market.
  
  Our processing solutions bring innovative standardization to post-trade processes, delivering the efficiencies clients need to compete in the FX market.
- Data
  - CLSMarketData
    CLSMarketData is a comprehensive suite of data products designed to provide quality insight and analytics both in real-time and historical for financial efficiency, visibility and control. All our data is transaction based, platform agnostic, and dynamic. By sharing our knowledge and partnering with clients, we offer bespoke FX analysis and insights for market and in-country research.
  - CLSReporting
    Support your MiFID II and other regulatory transaction reporting obligations
  Turn data challenges into actionable insights. Our data solutions empower clients' growth, enabling improved trading strategies, smarter business decisions and better FX risk management.
  
  Turn data challenges into actionable insights. Our data solutions empower clients' growth, enabling improved trading strategies, smarter business decisions and better FX risk management.
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News & Insights

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 clients.

Our leading payment-versus-payment 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 70 of the world’s largest financial institutions. Over 25,000 third-party clients 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 payment-versus-payment (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

CLSSettlement:

Mitigates FX settlement risk in the world’s single largest market

Is available directly or indirectly to FX market participants

Settles USD5 trillion of payment instructions on an average day

The benefits

Risk mitigation and management
Capital and liquidity efficiencies
A financial market infrastructure at the center of the FX market
Operational and IT efficiencies
Business growth

CLSSettlement overview

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CLSSettlement corporate treasurers

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