CLSNet is a bilateral payment netting calculation service, for foreign exchange trades.
As a centralized platform, CLSNet enhances the FX netting process, delivering operational risk mitigation by standardizing and automating the net calculation process.
Market adoption of CLSNet
Eight of the top ten1 global banks have joined our FX netting calculation service with an average daily netted value2 of over USD153 billion over the last 12 months. However, our netting calculation service isn’t just for banks.
Funds, corporates and non-bank financial institutions
Organizations can all benefit from streamlining their post-trade matching and netting processes to deliver operational risk mitigation over 120 currencies, including emerging market currencies such as CNH, THB, PLN, CZK and TRY.3
1 According to the 2022 Euromoney Foreign Exchange Survey.
2 Netted value refers to bilateral net payment amounts calculated by CLSNet
3 CLSNet’s coverage includes currencies that are not issued by countries on a sanctioned list that would prevent CLS from conducting business with those countries and their issued currencies.
Building buy-side momentum in an evolving FX ecosystem
CLS wins “Best FX Clearing and Settlement Provider” at Euromoney’s FX Awards 2024
CLS speaks to e-Forex about the issues facing FX market participants
The growth of CLSNet, the next best thing after CLSSettlement
BNY Mellon and ING agree to join CLSNet community
The continued rise of CLSNet: A new chapter in FX market efficiency
CLS welcomes first Taiwanese bank to CLSNet
CLS wins “Best FX Clearing and Settlement Provider” at Euromoney’s FX Awards 2023
The optimal model for mitigating FX settlement risk
A Look Ahead. Marc Bayle de Jessé speaks to E-forex
Deutsche Bank joins CLS’s bilateral netting calculation service, CLSNet
CLS wins “Best Settlement Initiative” for CLSSettlement at FX Markets e-FX Awards 2023