CLSNet growth

MUFG Bank is the latest participant to go live on CLSNet, our bilateral payment netting calculation service for over 120 currencies and includes eight of the top ten global banks.

As the network effect continues to grow, additional participants are expected to go live throughout 2025.

The average daily netted value1 of CLSNet was USD178 billion in Q1 2025, an increase of 28% from the same period in 2024.

CLSNet record day:
USD620 billion / 18 December 2024

“Joining the service will improve our operational efficiency and reduce risk for the currencies that are not currently eligible for CLSSettlement, while supporting our adherence to the best practice settlement risk principles of the FX Global Code.”

Junya Kishida, Head of Global Markets Operations Division, MUFG Bank 

CLSNet average daily netted value Q1 2021 – Q1 2025

CLSNet participants now include: 

  • Actinver
  • Bank of America
  • Bank of China (Hong Kong) Limited
  • BNP Paribas
  • Citigroup

 

  • Deutsche Bank
  • EFG Bank
  • First Abu Dhabi Bank
  • Taipei Fubon Bank
  • Intesa Sanpaolo
  • J.P. Morgan
  • Morgan Stanley
  • MUFG
  • Shanghai Commercial Bank
  • UBS 

1  Netted value refers to bilateral net payment amounts calculated by CLSNet

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