- CLS, a market infrastructure delivering settlement, processing and data solutions
- Agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service
- The move addresses increased demand from the buy-side for a centralized infrastructure to manage post-trade processes
- Through a single integration between CLS and Finastra’s Fusion CMS Finastra customers able to access CLSNet without the need for additional development
- A large number of market participants currently manage the bilateral settlement process via email
- CLSNet allows FX participants to net payment amounts directly with counterparties before settling through the correspondent banking system
CLS & Finastra: Collaborate to deliver netting services to customers
