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 USD140 billion over the last 12 months. However, CLSNet 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.3
1According to the 2022 Euromoney Foreign Exchange Survey.
2Netted value refers to bilateral net payment amounts calculated by CLSNet
3CLSNet’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.