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

CLSSettlement overview