BankingPartnership

CLS & Finastra: Collaborate to deliver netting services to customers

  • 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
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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