CLS Redesigns CLSClearedFX - Markets Media

CLS Redesigns CLSClearedFX - Markets Media

CLS, a financial market infrastructure group delivering settlement, processing and data solutions, announces a redesign of its CLSClearedFX service, with LCH ForexClear as the first central counterparty (CCP) to go live on the service. CLSClearedFX is a payment-versus-payment settlement service that allows CCPs and their clearing members to effectively mitigate settlement risk when settling cleared FX and derivative trades. The redesigned servic…

CLS redesigns CLSClearedFX service to enhance settlement offering

Market infrastructure group CLS has unveiled its newly redesigned CLSClearedFX service, in a bid to provide a consolidated settlement model for central counterparties and their clearing members.  Tharidu GamwaraThe redesign builds on CLSClearedFX’s current platform, a payment-versus-payment settlement service allowing CCPs and clearing members to settle clear FX and derivative trades while simultaneously mitigating risk.  Through the offering, C…