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.
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