Global Head of Product, Keith Tippell, speaks to Sibos TV about alternative PvP solutions for a wider range of currencies and market participants.

FX settlement risk in cross-border payments may be reaching levels that threaten global financial stability, due to an increase in trading of currencies that do not have access to payment-versus-payment – so called PvP - settlement mechanisms. Of particular concern are those from emerging markets. In order to mitigate this rising settlement risk, CLS is collaborating with 12 global banks to explore alternative PvP solutions for a wider range of currencies and market participants.