Nomura’s asset manager extends CLSSettlement to Japanese funds

First local asset manager to provide access in sign of success for buy-side adoption push

A street in Japan
Local community: Japanese buy side has made significant headway in accessing CLSSettlement since early 2018

Nomura Asset Management is gearing up to give 21 Japanese investment trust funds access to CLS’s foreign exchange settlement service – a sign that efforts to spur Japan’s buy-side community into adopting payment-versus-payment (PvP) are paying off.

The Bank of Japan and Japan’s Financial Services Agency have been working to galvanise local market participants to settle their FX transactions in CLSSettlement, a PvP service, to temper their currency risk exposure. 

“We are pleased to be the

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