CLSNet is a revolutionary FX product that addresses the wider post-trade processing needs of our clients. Built on a distributed ledger technology platform, CLSNet covers trades settling outside CLSSettlement while introducing standardization and automation for the entire FX market.
Market standardization for post-trade processes
Participants will be able to submit FX instructions to CLSNet for spot, tom/next day, forwards, non-deliverable forwards (NDFs), swaps and same-day trades for more than 120 currencies1. We will offer participants the option of submitting their net payment instructions via SWIFT channels.
Operational risk mitigation
System processing and operational efficiencies