CLS is the world leader in FX settlement solutions. Our clients benefit from increased liquidity - with their funding requirements reduced by more than 96% through multilateral netting. We deliver this alongside reduced settlement risk and improved efficiency. Since our launch in 2002, we have significantly reduced settlement risk across 18 currencies eligible for CLSSettlement. Today we settle an average of USD5 trillion per day and are systemically important to the FX market. The strength of our network is based on the proven quality of our service; our clients know we have a zero-tolerance attitude to failure. As the market evolves, we continue to innovate and expand - bringing excellence in settlement solutions to new market participants.