Continuous Linked Settlement (CLS) Service
Your gateway to the CLS service
CLS™ (Continuous Linked Settlement) is a banking industry initiative to remove the settlement risk associated with FX (Foreign Exchange) transactions, as it is done for securities settlement today. The service was originally created for interbank use but is now also available for non-bank Financial Institutions and Corporates, which settle large FX deals.
- Reduced settlement risk on your FX trade flow
- Enables Straight Through Processing (STP) of your FX trades
- Matching of your CLS trades
- Real-time reporting via SWIFT
- Payment costs lowered due to netting of payments.
CLS™ is a trademark of CLS Services