Deutsche Bank goes live on CLS’s bilateral netting calculation service, CLSNet
With the addition of Deutsche Bank, the CLSNet community now includes eight of the top 12 global banks.
With the addition of Deutsche Bank, the CLSNet community now includes eight of the top 12 global banks.
CLS announced that six new members were appointed to its Board of Directors at the CLS Annual General Meeting on 6 June 2023.
CLS announces that Bangkok Bank Hong Kong Branch is the first Thai bank to access CLSSettlement as a third-party participant.
MUFG Bank is the first Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service.
First Abu Dhabi Bank (FAB) and UBS have gone live on CLS’s bilateral payment netting calculation service for over 120 currencies – CLSNet.
In August 2022, CLS saw a record USD100 billion in the average daily notional of net calculations in CLSNet.
CLS announces that Chong Hing Bank is the second Chinese bank to access CLSSettlement as a third-party participant via UBS.
CLSNow allows CLS’s settlement members to mitigate the loss of principal and other elements of settlement risk for same-day trades.
CLS witnessed growth in settled values of cross currency swaps submitted to CLSSettlement, with a 27% year-on-year increase.
CLS announces that Deutsche Bank, Mashreq and Standard Chartered are at various stages of onboarding to CLSNet.