MEAG / CLSSettlement / CLSTradeMonitor
Cash Management Manager
MEAG
Overview
MEAG is a global asset manager that began using CLSSettlement in 2020 and subsequently adopted the companion product, CLSTradeMonitor, in 2025.
The firm manages the investments for Munich Re and ERGO, two leading insurance groups, and uses several custodian banks.
MEAG implemented CLSTradeMonitor to gain a consolidated view of FX instructions across all custodians and counterparties, streamlining post-trade monitoring processes throughout the trade lifecycle and improving operational efficiency.
Challenges
Post-trade visibility and monitoring were fragmented across multiple custodians, making trade oversight manually intensive. Some custodian reports provided only a partial view of FX trades, requiring MEAG to manually consolidate and reconcile data in spreadsheets across multiple custodians, brokers and funds often via back-and-forth emails.
The lack of standardized, consolidated post-trade reporting increased operational risk, limited trade lifecycle visibility and reduced liquidity efficiency when trades were forced to settle gross.