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.
Understand the process flow