SWIFT’s CLS Third Party Service

Providing a global FX settlement solution for non-CLS members  CLS (Continuous Linked Settlement) provides the FX world with a global settlement system that completely eliminates settlement risk for all trades that are settled on it. By doing so, it also strongly reduces the systemic risk that FX markets are exposed to. To also allow non-members to settle their FX transactions on CLS, a Third Party service allows CLS members to act as CLS Providers, by submitting trades in the name of their customers (third parties). To facilitate this, SWIFT’s CLS Third Party Service provides a global comprehensive and cost-effective solution to support the...
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Tags:
FX settlement, CLS, Continuous Linked Settlement