CLS settlement service for cleared FX products
by Kylene Casanova
CLS Group has announced it will develop a service to facilitate the settlement of cleared foreign exchange products.
FX Settlement
Background
A corporate FX transaction involves a bank, on behalf of their corporate client, paying for the currency it sold at an agreed rate to another bank and receiving a different currency in return for the…
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by Kylene Casanova
Experience of corporates who have implemented CLS, what they have to do on a daily basis, and their benefits
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by Kylene Casanova
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Basel Committee consults on FX Transaction Settlement Risk
by Kylene Casanova
Since the Basel Committee on Banking Supervision’s Supervisory guidance for managing settlement risk in foreign exchange transactions (2000) was published, the foreign exchange market has made significant strides in