BNY Mellon, ING to join CLSNet community
Amidst record growth in adoption, BNY Mellon and ING agree to join netting calculation platform CLSNet.
Amidst record growth in adoption, BNY Mellon and ING agree to join netting calculation platform CLSNet.
Taipei Fubon Bank is the first Taiwanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies.
With the addition of Deutsche Bank, the CLSNet community now includes eight of the top 12 global banks.
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 Deutsche Bank, Mashreq and Standard Chartered are at various stages of onboarding to CLSNet.