CLS is also working with LCH.Clearnet to launch a settlement tool with ForexClear
Financial information provider, Markit,
and currency settlement services firm, CLS Group, have
partnered to launch an FX settlement service catering to the
cross currency swaps market.
The new service is designed to provide an
efficient tool for the payments taken on cross currency swaps
by including them into CLS’s
payment-versus-payment settlement service, which is linked to
the real-time gross settlement systems of CLS-eligible
This means that banks can boost the value
of their trading capital as transactions conducted via CLS do
not have an effect on bilateral credit limits between
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