CLS Settlement

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Overview

Reduce risk, improve efficiency and increase liquidity

CLS is the world leader in FX settlement solutions. Our clients benefit from increased liquidity - with their funding requirements reduced by 96% or more through multilateral netting.

We deliver this alongside reduced settlement risk and improved efficiency. Since we launched in 2002, we have significantly reduced settlement risk from 18 currencies eligible for CLSSettlement. Today we settle an average of USD5 trillion payment instructions every day and are systemically important to the FX market. The strength of our network is based on the proven quality of our service; our clients know we have a zero-tolerance attitude to failure. As the market evolves, we continue to innovate and expand - bringing excellence in settlement solutions to new market participants.

Key Features

CLSNow

Optimize the use of available liquidity in the same-day market while mitigating settlement risk through CLSNow - a bilateral same-day payment-versus-payment gross settlement.

Cross Currency Swaps

Mitigate FX settlement risk, improve operational efficiencies and reduce your liquidity and payment demand for cross currency swap trades using our world-leading settlement service.

CLSSameday

Reduce settlement risk for your same-day FX trades that are currently traded after CLSSettlement’s cut-off times through our additional settlement session.

OTC derivatives

Simplify and streamline the payment process for your OTC credit derivatives cash flows.

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CLSClearedFX

Mitigate FX settlement risk for over the counter cleared FX derivatives while benefiting from capital, margin, leverage and operational efficiencies using our payment-versus-payment settlement service.

Product/Service details