With CLSSettlement, you can mitigate settlement risk for your FX trades while benefiting from operational efficiencies, in addition to best-in-class netting and liquidity management.
The global standard in FX settlement risk mitigation management
Each day we settle over USD6.5 trillion of payments in 18 of the most actively traded currencies globally, protecting our members and their clients from the most significant risk in the FX market – settlement risk. We do this by simultaneously settling payments relating to FX trades using our unique payment-versus-payment system (PvP).
Delivering huge efficiencies in FX trade settlement and savings for our clients
Our centralized platform and approach to multilateral netting mitigates settlement risk, reduces costs – and shrinks funding requirements by over 96% – so you can put your capital and resources to better use.
That’s why over 70 of the world’s most important financial institutions choose to be members of CLSSettlement – and over 35,000 more use our FX risk management services, including banks, funds, non-bank financial institutions and multinational corporations.
FX Global Code
Supporting adherence to the FX Global Code through:
Operational timeline
CLS welcomes NYK Line to CLSSettlement as a third-party participant
CLS FX trading activity | November 2024
Building buy-side momentum in an evolving FX ecosystem
Société Générale goes live on CLS’s cross currency swaps service
CLS FX trading activity | October 2024
Looking ahead: The evolution of FX risk mitigation
CLS FX trading activity | September 2024
CLS wins “Best FX Clearing and Settlement Provider” at Euromoney’s FX Awards 2024
CLS FX trading activity | August 2024
The importance of PvP in an everchanging FX ecosystem
CLS FX trading activity | July 2024
CLS speaks to e-Forex about the issues facing FX market participants
CLS FX trading activity | June 2024
Update on the impact to CLSSettlement following the move to T+1 for securities settlement in the US
CLS FX trading activity | May 2024
Navigating the T+1 Transition: the FX impact on the asset management community
Barclays Bank goes live on CLS’s Cross Currency Swaps service
CLS FX trading activity | April 2024
The move to T+1 in the North American securities markets
Navigating the T+1 implications for FX traders
CLS FX trading activity | March 2024
CLS FX trading activity | February 2024
T+1 US Settlement: Implications for APAC
Tackling FX settlement risk: the power of public-private partnerships
CLS FX trading activity | January 2024
The ripple effect of US T+1 settlement
The growth of CLSNet, the next best thing after CLSSettlement
CLS welcomes additional Japanese manufacturing company to CLSSettlement
CLS FX trading activity | December 2023
BNY Mellon and ING agree to join CLSNet community
CLS FX trading activity | November 2023
The continued rise of CLSNet: A new chapter in FX market efficiency
CLS welcomes first Taiwanese bank to CLSNet
CLS welcomes Tokio Marine Holdings group companies to CLSSettlement
CLS FX trading activity | October 23
CLS FX trading activity | September
CLS wins “Best FX Clearing and Settlement Provider” at Euromoney’s FX Awards 2023
CLS FX trading activity | August
CLS adds three clients to its cross currency swaps service
The optimal model for mitigating FX settlement risk
CLS FX trading activity | July
A Look Ahead. Marc Bayle de Jessé speaks to E-forex
Deutsche Bank joins CLS’s bilateral netting calculation service, CLSNet
CLS FX trading activity | June 23
CLS FX trading activity | May 23
CLS appoints six new board directors
CLS wins “Best Settlement Initiative” for CLSSettlement at FX Markets e-FX Awards 2023
CLS welcomes first Thai third-party bank to CLSSettlement
CLS FX trading activity | April 23
CLS FX trading activity | March 23
CLS FX trading activity | February 23