As the industry continues to grapple with settlement risk in emerging-market (EM) currencies and same-day trades, CLSNet has emerged as a critical infrastructure solution, extending CLS’s legacy of innovation beyond its core payment-versus-payment (PvP) settlement service.
CLSNet is a bilateral netting calculation service that supports more than 120 currencies, including those not eligible for CLSSettlement. It standardises and automates post-trade matching and netting, reducing funding requirements and operational risk.
In 2024, CLSNet recorded an average daily netted value of $153 billion, a 33% year-on-year increase.
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