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