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CLSNet growth Q2 2024
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Article
The average daily netted value in CLSNet rose by 40 percent in the first quarter of 2024 to USD148 billion, compared with the same quarter in 2023. The growth was driven by significant milestones, including a new record daily and monthly average netted value in June, leading to the highest quarter average daily netted value since the product’s launch.
During the quarter, CLSNet also registered new record daily netted value of USD593 billion as market adoption of the bilateral netting payment calculation service continues to grow at pace.