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CLSNet / How it works
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CLSNet / How it works

Introduction

The speaker introduces the importance of improving post-trade efficiency in the FX market and how CLS is addressing this need with their new solution, CLS net.

CLS Net

  • CLS net is a bilateral payment netting solution that expands netting capabilities to cover trades that settle outside of their settlement service.
  • It is built on a distributed ledger technology platform and enables buy-side and sell-side institutions to net FX trades for FX products in over 120 currencies.
  • CLS net reduces risk and costs by replacing manual post-trade operational processes with automation, removing bespoke post-trade processes. It can help reduce settlement-related costs and intraday liquidity charges.
  • Participants assign a cut-off time for each currency, and when that time is reached, they receive a report of their net payment amounts. The delivery of these payments is managed outside of CLS net.

CLS Trade Monitor

  • This is a post-trade monitoring and reporting tool that provides a single view of every trade instruction submitted to CLS settlement and CLS net.
  • Together, these solutions deliver the efficiencies our clients need to compete in today's FX market.

Conclusion

The speaker concludes by reiterating the importance of staying competitive in the ever-changing FX market and how CLS's trusted market solutions can help achieve this goal.

Video description

Our bilateral payment netting calculation service for buy-side and sell-side institutions, enhances risk mitigation for currency flows outside of CLSSettlement by standardizing and automating post-trade matching and netting processes. We build the community. You join the world’s leading banks in FX. https://www.cls-group.com/products/processing/clsnet/