Cross currency swaps
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.
Further reduces systemic risk in the OTC derivatives market
Our payment-versus-payment (PvP) settlement service helps you mitigate settlement risk, while delivering operational and liquidity efficiencies for cross currency swap trades.
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.
Settlement risk mitigation through PvP settlement
Operational efficiency through automation and standardization
Reduced liquidity and payment demand