Multi-currency cash settlement system provider CLS is building a payments netting service that will enable cash trades on IBM's Fabric blockchain. Unveiled today at the Sibos financial industry ...

Settlement: CLS opens new NDFs service. CLS announced in early December that it had extended its services to cover the net proceeds of non-deliverable forward (NDF) trades. The service has gone live ...

The company’s upcoming products include CLSNow, a same-day FX settlement service; CLSTradeMonitor, a real-time consolidated view of the match and confirmation status of trade instructions submitted to ...

The service goes live with six NDF-enabled CLS member banks and one third party customer. It covers 48 reference currencies, with the net proceeds settling in any of CLS Bank's 15 settlement ...

CLS, the leading provider of settlement services for the global foreign exchange (FX) market, today announced that it is working with LCH.Clearnet, a leading global multi-asset clearing house, to ...

A new service is said to be the first to settle foreign exchange trades simultaneously and irrevocably. The service, called continuous linked settlement, went live Sept. 9 after two postponements. It ...

CLS, a market infrastructure group delivering settlement, processing and data solutions, recently announced the launch of CLSClearedFX – the first payment-versus-payment (PvP) settlement service ...

CLS has launched CLSClearedFX?the first payment-versus-payment (PvP) settlement service specifically designed for over-the-counter (OTC) cleared FX derivatives. The service will enable central ...

CLS Group Holdings AG, a market infrastructure delivering settlement, processing and data solutions, announced on February 17 that Metropolitan Bank & Trust Co. (Metrobank) is the first Philippine ...

CLS, the largest multi-currency settlement system for FX trades globally, will decide in the first quarter of 2024 if it can delay settlement instructions for currency trades, potentially giving ...

T+1 settlement: CLS sticks to its guns but argues impact is limited. The body responsible for settling about $6.5 trillion of global daily FX trades has decided against extending its deadlines to ...

Traders of cleared foreign exchange products are about to get a new service designed for clearing and settlement. CLS, a provider of settlement services for the global foreign exchange (FX) market, ...