Cross currency swaps

Mask Group 175

Cross currency swaps trades have significant settlement risk exposure from the high value of the initial and final principal exchanges. In addition, settling these trades on a gross bilateral basis results in operational inefficiencies and liquidity constraints.

Our payment-versus-payment (PvP) settlement service
Clients can use our unique PvP settlement system and liquidity netting capabilities in conjunction with the MarkitSERV trade booking platform to mitigate FX settlement risk for their cross currency swaps.

Download overview
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

Mitigate settlement risk, while delivering operational and liquidity efficiencies for cross currency swap trades.

Improves
  • Operational efficiency

Reduces
  • Liquidity and payment demand
  • Settlement risk
  • Funding costs for bilateral payments
FX Global Code
Supporting adherence to the FX Global Code through:
  • Principle 35, settlement risk

Understand the process flow

Group 2721

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CLSSettlement in a day - how it works

FX global landscape
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