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GlobalCustodian.com
CSD/ICSD
- Continuous Linked Settlement
Company Web-site
www.cls-group.com
Provider Description
With the average daily turnover in global FX transactions at almost US$2 trillion, the FX market has long needed an effective cross-currency settlement process.
Before CLS, each side of a trade was paid separately. Taking time-zone differences into account, this heightened the risk of one party defaulting.
CLS is a response to regulatory concern about systematic risk. It eliminates that ‘temporal’ settlement risk, making same-day settlement both possible and final.
CONTACTS
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E-mail
corpcom@cls-group.com
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CLIENT PROFILE
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