Overview
CLSNet is a revolutionary FX product that addresses the wider post-trade processing needs of our clients. Built on a distributed ledger technology platform, CLSNet covers trades settling outside CLSSettlement while introducing standardization and automation for the entire FX market.
Market standardization for post-trade processes
Participants will be able to submit FX instructions to CLSNet for spot, tom/next day, forwards, non-deliverable forwards (NDFs), swaps and same-day trades for more than 120 currencies1. We will offer participants the option of submitting their net payment instructions via SWIFT channels.
Key Benefits
Operational risk mitigation
System processing and operational efficiencies
Liquidity enhancements