CLS introduces Same-Day Settlement for US and Canadian dollar trades
Major step forward in enhancing risk mitigation, liquidity, operational and IT efficiencies
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…
Read moreContinuous Linked Settlement system as at July 2013
CLS has 63 Settlement Members and over 9,000 third parties: split by value .....
CLS announces Natixis as new Settlement Member
CLS Group (CLS), the market infrastructure that enhances financial stability by providing risk mitigation services to the global FX market, today announced the addition of Natixis as a CLS Settlement Member.
RMB maturing as cross-border usage broadens according to HSBC survey
The vast majority (77%) of Chinese corporates surveyed expect one-third of all Chinese trade (circa USD 2trn) to be conducted in RMB by 2015 (vs 10% YTD) and 30% plan to use RMB for investment-related purposes in th
Basel Committee consults on FX Transaction Settlement Risk
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